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AMFI data shows that the net SIP inflows of the MF industry are 54%. Between April and November, the industry received gross SIP inflows of Rs. 1 lakh crore as against net SIP inflows of Rs. 54,553 crore, shows the data.
So far, the industry received the highest net inflow in June at Rs. 8,600 crore, which was 70% of the gross number. On the other hand, the net SIP inflows were the lowest in November was Rs.3.256 crore, which was just 24% of the gross SIP inflows.
Further, analysis shows that the net SIP inflows reduced in growth option of equity schemes. These schemes have reported net SIP inflows of RS.2275 crore or 20% of the gross SIP inflows of Rs.11,200 crore in November.
In debt funds, net inflows were 41% of the gross collection in November. 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 67% of the gross inflows.
On the other hand, net inflows through lumpsum investments is just 1% of the gross investment through lumpsum.
According to a senior official, the industry simply deducts outflows from SIP accounts to arrive at the net SIPs. It is not gross SIP inflows minus outflows due to SIP discontinuation.
|
Month |
Gross SIP |
Net SIP |
Net to gross ratio |
|
Apr-22 |
11,863 |
6,705 |
57% |
|
May-22 |
12,286 |
8,154 |
66% |
|
Jun-22 |
12,275 |
8,600 |
70% |
|
Jul-22 |
12,139 |
7,812 |
64% |
|
Aug-22 |
12,693 |
6,130 |
48% |
|
Sep-22 |
12,976 |
6,398 |
49% |
|
Oct-22 |
13,040 |
7,498 |
58% |
|
Nov-22 |
13,306 |
3,256 |
24% |
|
Total |
1,00,578 |
54,553 |
54% |
