Monthly SIP inflows inch closer to Rs. 8,000 crore

Mutual funds collected Rs. 7,985 crore of assets through the SIP route in the month gone by. This is a whopping increase of Rs. 2,364 crore in a year. Experts contribute this growth to the sticky retail investors who have shown immense maturity and belief in the India growth story when faced with highly volatile markets.

SIP Contribution (Rs. Crore)

Source: AMFI

So far, the industry has collected SIP flows worth Rs. 52,472 crore during this financial year.  At the corresponding period last year, the industry had collected Rs. 34,887. 

Currently, mutual funds hold over 2.49 crore SIP accounts with an average SIP size of Rs. 3200 per account. On an average, the industry has added 10.05 lacs SIP accounts each month during this financial year.

Source: AMFI

On industry level, there were net inflows to the tune of Rs. 35,529 crore during October, shows AMFI data. Drilling down deeper, we observe that strong equity and liquid fund inflows were its key contributors.

Equity funds recorded net inflows to the tune of Rs. 13,141 crore in October, an increase of Rs. 1,649 crore compared to September. Equity funds comprise pure equity, ELSS and balanced. Liquid funds too saw net inflows of Rs. 35,529 crore during the month.

Concurrent with earlier trend, debt funds continued to bleed during the month. Possibility of increase in interest rates and a cautious credit view post IL&FS are factors weighing down on the category. The net outflow from the debt category stood at Rs. 37,933 crore in October. Debt funds consist of income and gilt category of funds.

Source: AMFI