SIP
Monthly mutual fund SIP inflow hits all-time high, crosses Rs 25,000 crore mark for first-time
Mumbai/IBNS: Monthly contributions to mutual fund SIPs (Systematic Investment Plans) reached an all-time high of Rs 25,323 crore in October, surpassing September’s figure of Rs 24,509 crore.
This marks a significant increase compared to the Rs 16,928 crore recorded in the same month last year.
All 11 equity fund categories saw inflows in October.
Sectoral and thematic funds led the way, bringing in around Rs 12,278 crore, while flexi cap funds attracted Rs 5,180 crore, up from Rs 3,214 crore in September.
For the first time in six months, both focused funds and ELSS funds experienced positive inflows, with focused funds receiving Rs 693 crore and ELSS funds receiving Rs 383 crore.
Most debt fund categories also saw inflows, with the exception of medium-duration and credit risk funds.
Liquid funds had the largest inflows at Rs 83,863 crore, followed by overnight funds with Rs 25,783 crore.
Inflows into hybrid mutual funds rose significantly, reaching Rs 16,863 crore in October, a 244 percent increase compared to September’s Rs 4,901 crore.
The ‘others’ category, which includes index funds and ETFs, saw a substantial rise in net inflows, up by 620 percent to Rs 23,428 crore in October from Rs 3,254 crore in September.
All four subcategories received inflows.
Overall, mutual fund assets under management (AUM) hit a record high of Rs 66.98 lakh crore in October, reflecting a slight growth of 0.25 percent from Rs 66.82 lakh crore in September.
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