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Net SIP inflows and net to gross ratio improved in December 2022, shows AMFI data.
The MF industry received net SIP inflows of Rs. 5,900 crore as against monthly gross SIP inflows of Rs. 13,600 crore. Notably, the net inflows surged almost 2x from the previous monthly inflows of Rs. 3,250 crore.
The net to gross ratio also improved from 0.24 in November 2022 to 0.43 in December 2022.
Category-wise analysis shows that the net to gross ratio was almost similar for growth/equity and hybrid schemes. However, it was the highest for solution oriented schemes (0.70) and the least for income/debt schemes (0.02).
* Other schemes include FOF-Domestic
Year-on-year comparison
As against the previous year, the net SIP inflows have more than doubled in the ongoing financial year. The MF industry received net inflows of Rs. 60,400 crore from April 2022 to December 2022, as against Rs. 29,300 crore in the corresponding period last year.
Over the last nine months, the industry received the highest net inflows of Rs. 8,600 crore in June 2022 which formed 70% of the gross inflows. However, November 2022 reported the lowest net inflows of Rs. 3,250 crore which constituted 24% of the gross inflows.
