Systematic Investment Plan (SIP) inflows remained above `30,000 crore for the third consecutive month in May 2026, even as the mutual fund industry reported overall net outflows driven by redemptions from debt funds. Equity-oriented schemes continued to attract strong investor interest, with Flexi Cap, Small Cap and Mid Cap funds emerging as the biggest beneficiaries of fresh inflows.

What does this tell us about retail investor sentiment? Are investors becoming more bullish on equities despite market volatility? And what should investors make of the sharp divergence between equity and debt fund flows?

In this exclusive conversation with Business Today, Dhirendra Kumar, CEO of Value Research, analyses the latest AMFI mutual fund data, decodes the trends driving SIP investments, explains why certain categories are attracting more money than others, and shares his outlook for investors navigating today's market environment. 

Watch the full discussion for expert insights on SIPs, mutual funds, equity investing, market trends and portfolio strategy.