Investment in mutual funds through SIPs has been gaining grounds in B-30 locations. Data released by AMFI shows B30 cities account for Rs.24,700 crore or 31% of the total SIP inflows of the MF industry.
The rising penetration of SIPs in smaller cities is helping the B30 cities to increase its share in the total AUM. At Rs 5.36 lakh crore, B-30 cities has 17% share in the total AUM of mutual funds at the end of March 2021. A year earlier, the share was 15%.
85% of SIP inflows go into equity funds
Equity funds are the preferred choice of SIP investors. Data shows that 85% of the SIP inflows go into equity schemes every month.
From June 2020 to March 2021, equity inflows accounted for Rs 67,570 crore of the total SIP contribution of Rs 79,581 crore.
Although marginal but there has been a continuous decline in the share of equity funds in the total SIP inflows. The figure, which was at 86% in June 2020, declined to 85% in August and 84% in February 2021. This is largely due to increasing contribution of SIP investors in debt funds.
|
Month |
Equity SIP inflow T30 |
Equity SIP inflow B30 |
Total equity SIP inflow |
Total SIP inflow |
Equity SIP inflow (%) |
|
Jun-20 |
4,319 |
2,479 |
6,798 |
7,917 |
86 |
|
Jul-20 |
4,224 |
2,486 |
6,709 |
7,831 |
86 |
|
Aug-20 |
4,214 |
2,441 |
6,656 |
7,792 |
85 |
|
Sep-20 |
4,217 |
2,437 |
6,654 |
7,788 |
85 |
|
Oct-20 |
4,212 |
2,427 |
6,639 |
7,800 |
85 |
|
Nov-20 |
3,932 |
2,255 |
6,187 |
7,302 |
85 |
|
Dec-20 |
4,539 |
2,599 |
7,138 |
8,418 |
85 |
|
Jan-21 |
4,326 |
2,456 |
6,782 |
8,023 |
85 |
|
Feb-21 |
4,031 |
2,272 |
6,303 |
7,528 |
84 |
|
Mar-21 |
4,871 |
2,832 |
7,704 |
9,182 |
84 |
|
Total |
42,885 |
24,684 |
67,570 |
79,581 |
85 |
*All numbers are in Rs crore except for percentages
B-30 cities lead in SIP AUM (equity) growth
During the June 2020-March 2021, SIP AUM in equity funds zoomed 43% to Rs 3.7 lakh crore from Rs 2.6 lakh crore. B-30 cities performed better in this parameter. While the T-30 cities' AUM grew by 42%, B-30 cities registered a 45% rise.
SIP AUM in equity funds (all numbers are in Rs crore except for percentages):
|
T-30 |
B-30 |
Total |
|
|
31-Mar-21 |
2.48 lakh |
1.26 lakh |
3.75 lakh |
|
30-Jun-20 |
1.7 lakh |
86,600 |
2.62 lakh |
|
Growth |
73,879 |
39,394 |
1.13 lakh |
|
% Growth |
42 |
45 |
43 |
