SIPs continue to remain the favourite option for retail investors to invest in mutual funds.
AMFI’s latest data shows that the industry mopped up close to Rs.67,190 crore in FY 2017-18 as against Rs.43,921 crore in FY 2016-17 through SIPs, a massive growth of 53%.
The monthly inflows in mutual funds through SIPs reached an all-time high at Rs.7,100 crore in March 2018. In April 2017, the industry received Rs.2,784 crore through SIPs.
Another good news for the MF industry is increase in the average ticket size of SIP. The average ticket size of SIP has grown from Rs.3,200 in March 2017 to Rs.3,375 in March 2018.
In terms of SIP accounts, the industry had 2.11 crore active SIP accounts in March 2018 compared to 1.35 crore in the corresponding period last year. On an average, AMFI data shows the MF industry has been adding about 10 lakh SIP accounts each month.
Experts attribute this growth to increasing investor awareness and good performance of equity schemes.
SIP has been gaining popularity among Indian MF investors as it helps in rupee cost averaging, and in investing in a disciplined manner without worrying about volatility and timing the market. SEBI Investor Survey (SIS) 2015 says that six out of 10 investors prefer investing in mutual funds through SIP.
Meanwhile, the average assets under management (AAUM) of the mutual fund industry reached close to Rs.23 lakh crore in March 2018. AMFI’s latest data shows that AAUM of the MF industry reached Rs.22.71 lakh crore in March 2018.
However, the monthly AUM of industry stood at Rs.21.36 lakh crore in March 2018.
While AAUM is the average assets of the entire month and is calculated by factoring in all working days of the month, month end AUM are the assets of the industry as of the last working day of the month.
Overall, AMFI data shows that the industry has received net inflows of Rs.2.85 lakh crore in equity funds including pure equity funds, balanced, ELSS and equity ETFs last fiscal. The total equity AUM reached a record high at Rs.9.95 lakh crore in March 2018.
The industry’s AUM had crossed the milestone of Rs.10 lakh crore for the first time in May 2014 and in a short span of a little over three years, the AUM size has doubled to Rs.20 lakh crore.
The total number of folios as on March, 2018 was 7.11 crore.
Inflows through SIP (in Rs crore)
|
|
FY 2017-18 |
FY 2016-17 |
Change |
Change in % |
|
March |
7,119 |
4,335 |
2,784 |
64% |
|
February |
6,425 |
4,050 |
2,375 |
59% |
|
January |
6,644 |
4,095 |
2,549 |
62% |
|
December |
6,222 |
3,973 |
2,249 |
57% |
|
November |
5,893 |
3,884 |
2,009 |
52% |
|
October |
5,621 |
3,434 |
2,187 |
64% |
|
September |
5,516 |
3,698 |
1,818 |
49% |
|
August |
5,206 |
3,497 |
1,709 |
49% |
|
July |
4,947 |
3,334 |
1,613 |
48% |
|
Jun |
4,744 |
3,310 |
1,434 |
43% |
|
May |
4,584 |
3,189 |
1,395 |
44% |
|
April |
4,269 |
3,122 |
1,147 |
37% |
|
Total during FY |
67,190 |
43,921 |
23,269 |
53% |
Source: AMFI
