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

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

SIP collections soar by 42% y-o-y for the month of October 2018, shows AMFI report.
Team Cafemutual Nov 14, 2018

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)

 

Oct-18

Oct -17

Oct -16

SIP Contribution (Rs. crore)

7,985

5,621

3,434

% (y-o-y) increase

42%

64%

 

 

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.

Month

SIP Contribution Rs. crore

 

FY 2018-19

FY 2017-18

October

7,985

5,621

September

7,727

5,516

August

7,658

5,206

July

7,554

4,947

Jun

7,554

4,744

May

7,304

4,584

April

6,690

4,269

 

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.

Funds

Net inflow/outflow (Rs. cr.)

Monthend AUM Oct-2018 (Rs. cr.)

Equity funds

                        13,141

                     9,16,632

Debt

                       -37,933

                     6,96,854

Arbitrage Funds

                          2,161

                        57,044

Liquid/ Money Market

                        55,296

                     4,54,432

Gold ETF

                             -16

                          4,621

Other ETFs

                          2,820

                        89,515

Fund of Funds Investing Overseas

                               60

                          1,764

Source: AMFI

 

 

 

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4 Comments
Manish Jain · 4 months ago
Will see Sip book touching 10000 crore by this FY end.????
amit thakker · 4 months ago
BECAUSE OF OUR IFA HARDWORK INDU GROWH I REALLY DID NOT UNDERSTAND THAT ON ONE HAND SEBI WANT TO INCR AUM AND OTHER HAND THEY DEDC COMM RATE AS A INDIVIAJAL IFA WE DOES NOT HVE UNITY
JIGNESH · 4 months ago
Amit thakker is right.

Reply
VIJAY HEDE · 4 months ago
The Stupendous growth you see in the AUM through S.I.P.s is the power of Arithmetic progression. If you just get a SIP 0F 5,000 EVERY DAY for all working days for the next 20 years your annual income as an IFA will be of the order of Rs. 6 crores . So just don't fret . You are being rewarded but only in the long term. As warren Buffet said in the last shareholders meeting of Berkshire Hathways all of us can be rich but in the long term. So hold on to your SIPs and the clients and watch the tree of wealth grow albeit in the long term.
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