News From Press AUM of funds linked to SIP at record high despite moderating inflows

AUM of funds linked to SIP at record high despite moderating inflows

On the year-to-date basis, the SIP AUM increased by 6.1% till August thanks to capital appreciation and fresh inflow, albeit at a lower pace. The total MF AUM rose by 3.5% during the period.

ET Sep 22, 2020

Though the monthly inflow in the systematic investment plans (SIP) has moderated, it has not deterred the growth in the size of the funds linked to the SIP investment. The assets under management (AUM) of the mutual funds linked to the SIP plans reached to Rs 3.4 lakh crore in August 2020. This was the highest level in four years or since the Association of Mutual fund of India started providing the data.

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