SIP flows into MF schemes hit new high of Rs. 12,976 crore (US$ 1.57 billion) in September: AMFI data
- IBEF
- October 11, 2022
According to data issued by the Association of Mutual Funds in India (AMFI), net inflows into equities mutual funds increased by 130% month on month (MoM) in September to Rs 14,100 crore (US$ 1.71 billion), after falling to a 10-month low of Rs. 6,100 crore (US$ 740.33 million) in August. Despite the fact that the market was in the red last month, with the Nifty 50 losing more than 3%, investors are flocking to equity plans.
SIP inflows increased 2% month on month to a new all-time high of Rs 12,976 crore (US$ 1.57 billion). Despite the equities market decline and withdrawals from the debt market, the industry's assets under management (AUM) increased 0.87% month on month to Rs. 39.87 trillion (US$ 484.09 billion) in September.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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