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The mutual fund industry received Rs. 7500 crore net SIP inflows as against gross SIP inflows of Rs.13,500 crore in October 2022.
With this, the net inflows in SIPs increased to 58% of the gross SIP inflows, shows AMFI report.
The net to gross inflow ratio was similar in equity funds but varied for the rest of categories.
In debt funds, net inflows were 49% of the gross collection. The data shows that redemptions of SIP investments were comparatively lower for solution-oriented and 'other' schemes. The net SIP inflows for both these categories was over 73% of the gross inflows.
On the other hand, net inflows through lumpsum investments is just 1% of the gross investment through lumpsum.
AMFI data shows that the industry reported net inflows of Rs.7000 crore as against gross inflows of Rs. 7.79 lakh crore. However, gross figures hold less relevance as any single purchase/redemption especially from liquid/overnight funds can impact the net figure in lumpsum investments.
According to a senior officials, the industry simply deduct outflows from SIP accounts to arrive at the net SIPs. It is not gross SIP inflows minus outflows due to SIP discontinuation.
