New Delhi: Net inflows into equity mutual funds jumped 14,099.73 crore in September. From 6,120 crore in the previous month, was driven by positive inflows across fund categories, according to data released by the Association of Mutual Funds in India (Amfi) on Monday.
However, net outflows of open-ended debt mutual funds were observed 65,372.40 crore in September, mainly led by liquid and money market funds.
Specifically, the contribution of Systematic Investment Plan (SIP) 12,976.34 crore was at an all-time high, and above 12,693.45 crore in August.
“SIP numbers look healthy with highest contribution till date. we hope we touch Amfi Chief Executive NS Venkatesh said, Rs 13,000 crore per month in contribution in the coming months.
“In the past few months, markets reacted to inflationary factors and events like rate hikes. However, small investors have shown consistent confidence in mutual fund investments. They view SIP as a means of wealth accumulation and wealth creation over the long term. Investors should focus on their goals and continue investing in mutual funds and not miss the opportunity,” Venkatesh said.
Amfi data also showed that mutual fund folios have crossed an all-time high of 13.81 crores. The net assets under management (AUM) of the mutual fund industry was 38.42 trillion.
SIP stood at AUM 6.35 trillion in September 6.39 trillion for the month of August.
Retail AUM (Equity+Hybrid+Solution Oriented Scheme) in September as per Amfi 19.76 trillion and the average AUM was 20.24 trillion.
In addition, 17 open-ended schemes (income/debt oriented schemes + growth/equity oriented schemes + hybrid schemes + solution oriented schemes + other schemes) were launched in September.
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