2022 began on a good note for the mutual fund industry as SIP inflows rose for the ninth-straight month in January. From Rs. 8,600 crore in May 2021, the figure rose every month to reach Rs. 11,517 crore in January 2022, shows latest AMFI data.
The industry has also reached a major milestone last month as the number of SIP accounts crossed the 5-crore mark.
Equity funds led by flexicap and thematic funds have registered a net inflow of Rs. 14,888 crore last month. Debt funds have seen a net inflow of Rs. 5,088 crore.
Commenting on the data, AMFI CEO NS Venkatesh said, "Retail mutual fund investor confidence in the India growth story, as reflected through continued all time higher quantum of monthly SIP flows and with economy expected to rise at projected 9.2%, has overshadowed the uncertainties arising out of external factors like Fed Rate hike or FII outflows."
Here's how various scheme categories performed in January 2022:
Equity schemes
- Net inflows in equity schemes declined to Rs. 14,888 crore compared to Rs. 25,083 crore in December 2021
- Barring value funds, all categories of equity schemes have seen net inflows. Flexicap funds were the top gainers with Rs. 2,527 crore net inflow followed by thematic funds
- Flexicap funds are now very close to becoming the largest equity scheme category. Their AUM is now almost equal to that of largecap funds category
Debt schemes
- Just like December 2021, most debt schemes witnessed net outflows. Only overnight, ultra-short duration, money market and floater funds have recorded net inflows
- Overnight funds have registered highest net inflows at Rs. 19,358 crore while liquid funds saw highest net outflows at Rs. 14,398 crore
Hybrid schemes
- Hybrid schemes have recorded net inflows of Rs. 6,230 crore in January
- Balanced advantage funds have received Rs. 2,763 crore net inflows, highest among all hybrid funds
Overall trend
- The industry AAUM has reached Rs.38.90 lakh crore in January from Rs.37.90 lakh crore in December
- Monthly SIP contribution has reached a new peak of Rs.11,517 crore. In December, the figure stood at Rs. 11,305 crore
- SIP AUM too has reached a new all-time high at Rs. 5.8 lakh crore
