The overall AUM for retail investors’ bets on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as at end-August
Mutual fund SIPs touch record high in Aug, RBI’s CRR move impacts debt AUMs: AMFI
Investors poured in a record Rs 15,813 crore in August through systematic investments plans (SIPs) route offered by mutual fund players, an industry body said on Monday.
The Association of Mutual Funds in India (Amfi) also said there was a net outflow of Rs 25,872 crore from the income or debt oriented schemes in August.
Its chief executive N S Venkatesh told reporters that the Reserve Bank’s incremental cash reserve ratio (CRR) measure to suck out excess liquidity “partially impacted” the industry’s performance on the debt side as such schemes are looked at more from a treasury management perspective by banks as well.
The previous monthly high of SIPs inflows was Rs 15,244 crore in the preceding month of July. Venkatesh said the overall assets under management (AUM) for SIPs were Rs 8.47 lakh crore at the end of August and a record 35 lakh new SIPs were started in the month.
Venkatesh said the record high SIP flows suggests that retail investors continue to invest in the market, and added that he expects the same trend to continue in the future as well on factors like strong economic growth which will help market sentiment.
The overall AUM for retail investors’ bets on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as at end-August.
There was also a record 19.58 lakh SIPs discontinued or matured in August, Venkatesh said, adding the same stood at over 17 lakh in July.
The MF industry’s overall AUM grew to Rs 46.93 lakh crore in August, as against Rs 46.37 lakh crore in July.