Open-ended equity mutual funds (MFs) saw a net outflow of ₹2,480 crore in July 2020. Inflows into mutual funds through systematic investment plans (SIPs) remained strong during the month. A bulk of money coming via SIPs gets invested into equity MFs. Mint explains.
How much money was invested via SIPs in July?
A total of ₹7,831 crore was invested in MFs through SIPs in July. This was 9.4% lower than the high of ₹8,641 crore invested in March earlier this year. Inflows into MFs through SIPs have come down, a little, while the overall investment into open-ended equity MFs has taken a huge beating during the same period. In March, open-ended equity MFs saw a net investment of around ₹11,723 crore. In July, these funds saw an outflow of ₹2,480 crore. All of these numbers are a clear indication of a growing disconnect between the investor who uses SIPs to invest in equity MFs and an average equity MF investor.
