Listen to this article
Moderation of outflows from SIP accounts and record-high gross SIP inflows have boosted the net SIP collection to a one-year high of Rs. 7,128 crore in March, shows AMFI data.
Last month, investors pumped in Rs. 12,328 crore through SIPs into mutual funds. Comparing the data with net SIP inflows shows that redemptions from SIP accounts amounted to 42% of the gross SIP inflows in March. The outflow (as percentage of gross inflow) was the lowest in the past 11 months.
Overall, the net SIP inflows stood at Rs. 44,590 crore compared to a gross inflow of Rs. 1.16 lakh crore in the past 11 months. This implies that redemptions from SIP accounts amounted to over Rs. 70,000 crore during the May 2021-March 2022 period.
However, the latter half of the period has been much better compared to the first six months. Net inflows was 50% of the gross inflows during the November 2021-March 2022 period compared to just 27% in the first six months.
|
Month |
Gross SIP |
Net SIP |
Net to gross ratio |
|
May-21 |
8,819 |
4,020 |
0.46 |
|
Jun-21 |
9,155 |
2,309 |
0.25 |
|
Jul-21 |
9,609 |
2,932 |
0.31 |
|
Aug-21 |
9,923 |
2,024 |
0.20 |
|
Sep-21 |
10,351 |
1,730 |
0.17 |
|
Oct-21 |
10,519 |
2,820 |
0.27 |
|
Nov-21 |
11,005 |
5,087 |
0.46 |
|
Dec-21 |
11,305 |
5,394 |
0.48 |
|
Jan-22 |
11,517 |
5,277 |
0.46 |
|
Feb-22 |
11,438 |
5,868 |
0.51 |
|
Mar-22 |
12,328 |
7,128 |
0.58 |
|
Total |
1,15,968 |
44,590 |
0.38 |
*All numbers are in Rs crore
