News From Press Mutual fund SIPs collect Rs 8,324 crore in July, 10% higher y-o-y

Mutual fund SIPs collect Rs 8,324 crore in July, 10% higher y-o-y

Source: The Economic Times Aug 9, 2019

SIP inflows continue to show upward trend in July, garnering total assets worth Rs 8,324 crore, shows Amfi data. The total monthly collection through SIPs in June was Rs 8,122 crore. Mutual funds collected Rs 7,554 crore through SIPs in July last year. Amfi data, however, reveals a marginal dip in SIP AUM for the month of July.

SIP AUM has fallen from Rs 2.81 lakh crore in June to Rs 2.69 lakh crore in July. The Amfi chief blamed the mark to market valuations for the dip in SIP AUM. “Mo ..

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