Mumbai: Retail investors have allocated large sums to equity mutual fund plans in the past one year, buoyed by higher past returns, simplified products, tax efficiency, deeper penetration, and increased use of pooled funds as a wealth creation tool.

Net inflows into equity-oriented schemes rose 95% to ?4.3 lakh crore in September 2024 from ?2.21 lakh crore a year ago, while inflows through systematic investment plans (SIP) increased by 41% to ?2.43 lakh crore, compared with ?1.72 lakh crore in the same period.