For the industry, the slowdown has not come as a surprise given the change in the equity market movement, from a strong rally in the first half of FY 2022 to a range-bound market this year
After registering a strong retail business growth in the last financial year, the mutual fund industry is witnessing a slowdown.
New investor addition and net SIP account registrations are down 30-40 per cent year-on-year (YoY) in the first half of the financial year. Growth in SIP inflows is also not as steep as the year before.
In the first half of this financial year, the industry has added 2.4 million investors compared to 4 million during the same period a year ago, according to data from the Association of Mutual Funds in India (Amfi).
Net SIP account addition is also
First Published: Oct 31 2022 | 7:16 PM IST