Mutual funds fail to carry high growth momentum of FY22 due to changed market conditions
Driven by inflows into Systematic Investment Plans (SIPs), the mutual fund industry's total assets under management rose to Rs 39.88 lakh crore in September from Rs 36.73 lakh crore in the year-ago period. On a monthly basis, the Assets Under Management (AUM) increased marginally from Rs 39.33 lakh crore in August. According to the latest monthly data from the Association of Mutual Funds in India (Amfi) released on Monday, the industry wide net AUM stood at Rs 38.42 lakh crore in September. Amfi said the month also saw the highest-ever folio addition to 13.81 crore. The retail folios also touched an all-time high to 10.99 crore. The contribution of SIPs rose to Rs 12.97 lakh crore in September, which is the highest ever, from Rs 12.69 lakh crore, Amfi said, adding the number of SIP accounts also increased to 5.84 crore. SIP AUM stood at Rs 6.35 lakh crore with a month-on-month inflow of Rs 4,501 crore taking the total SIP AUM to Rs 6.39 lakh crore for September. Retail AUMs (equi
But their share in SIP AUM hasn't grown proportionately; 'regular' plans still dominate despite higher expense ratio
Record net inflows of Rs 28,463 crore in March
The tally was lower than Rs 25,706 cr garnered in December 2021, but is still a respectable number considering there were no large NFOs in January, unlike the previous month
Invest via the SIP route to benefit from the volatility expected in the near term
Investments capped at Rs 1 lakh per PAN, effective Feb 1
Strong SIP book and new fund offers blaze the trail
With China being a problem child for foreign investors, India has made a killing with new issuances
Equity MFs have emerged as a saviour in domestic markets as FPIs have continued to sell stocks
This, even as benchmark indices saw their biggest correction in 21 months
The small-cap and sectoral funds, however, saw an increase in their AUM by Rs 1,360 crore and Rs 466 crore
Inflows through the SIP route have been strong this financial year, even as lump-sum investments have slid
The benchmark indices gained 0.3 per cent in October, while the smallcap indices ended a per cent lower
While the MF industry has grown manifold over the past decade, the number of players have shrunk, says the CEO of the investment management firm in a Q&A
Equity inflows stood at Rs 8,677 cr; Debt segment saw outflows of Rs 63,910 cr
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