SIP continues to be the preferred mode of investment for many investors. The latest AMFI data reveals that the mutual fund industry has added close to 30 lakh new SIPs in the first three months of FY 2018-19 i.e. between April and June 2018.
AMFI data shows that the MF industry had added 9.83 lakh SIP accounts on an average during the FY 2018-19, with an average SIP size of about Rs. 3,300 per SIP account.
Currently, the industry has 2.29 crore active SIPs.
Further, AMFI data shows that the industry has collected Rs.21,548 crore through SIP in April-June 2018 as against Rs.13,597 crore in the corresponding period last year, a healthy growth of 58% in SIP inflows. In fact, the industry has collected an all-time high inflows of Rs.7, 754 crore through SIP in June 2018.
AMFI CEO NS Venkatesh credits healthy inflows in SIPs to the growing investor interest in mutual funds. “Investors are increasingly participating in equity markets through SIP route to limit volatility. Moreover, campaigns such as ‘Mutual funds sahi hai’ and Jan Nivesh have created the much needed buzz,” says Venkatesh.
SIP Contribution
|
SIP Contribution (Rs. Crore) |
|||
|
Month |
FY 2018-19 |
FY 2017-18 |
Increase (%) |
|
Jun |
7,554 |
4,744 |
59% |
|
May |
7,304 |
4,584 |
59% |
|
April |
6,690 |
4,269 |
57% |
|
Total |
21,548 |
13,597 |
58% |
Source: AMFI
In addition, the MF industry’s average assets under management (AAUM) continued to remain above Rs.23 lakh crore in June 2018. Latest data from AMFI’s puts the industry’s average AUM for the month of June 2018 at Rs.23.57 lakh crore. The average AUM of the MF industry has increased from Rs. 22.71 lakh crore in March 2018 indicating a growth of 4% in a quarter.
AAUM is the average assets of the entire month, which is calculated by factoring in all working days of the month whereas month end AUM is the assets of the industry as of the last working day of the month.
