After remaining constant at Rs. 7,554 crore in June and July, SIP flows increased by 104 crore in August to touch Rs. 7,658 crore. On a year on year basis, SIP flows have grown by 47% compared to last year.
Talking about SIPs, NS Venkatesh, CEO, AMFI said that 90% of the SIP flows has come in equities. This translates to equity schemes seeing Rs. 6,892 crore of inflows in August through the SIP route. AMFI data shows that equity funds reported sales of Rs.25,393 crore during the month. This means that, 27% of the equity flows come through the SIP route. Equity schemes refer to pure equity, ELSS and balanced funds.
SIP Contribution (Rs. Crore)
|
Aug-18 |
Aug-17 |
Aug-16 |
|
|
SIP Contribution (Rs. crore) |
7658 |
5206 |
3497 |
|
% (y-o-y) increase |
47% |
49% |
So far, the industry has received SIP flows worth Rs. 36,760 crore since April 2018. At the corresponding period last year, the industry had collected Rs. 23,750.
|
Month |
SIP Contribution Rs. crore |
|
|
FY 2018-19 |
FY 2017-18 |
|
|
August |
7658 |
5,206 |
|
July |
7554 |
4,947 |
|
Jun |
7,554 |
4,744 |
|
May |
7,304 |
4,584 |
|
April |
6,690 |
4,269 |
The data also reported that the total mutual fund accounts stood at 2.38 crore end of August 2018 rising from 2.33 crore in the previous month. Overall, the industry added about 10.07 lakh SIP accounts on an average each month during the financial year. The average SIP size was Rs. 3,200 per account.
