SIP inflows hit record high at Rs 8,518 cr

The SIP inflow in November, 2019 stood at Rs 8,272 crore. Also, the total number of SIP accounts increased to 2.97 crore while the assets under management (AUM) under SIPs surged to Rs 3.17 lakh crore, up from Rs 3.12 lakh crore in November.

NS Venkatesh, CEO, AMFI said: “Retail Investors continue to repose trust in Mutual Funds as reflected by continued flows through SIPs, despite challenging domestic economic scenario and global trade issues and conflicts. “Average AUM at Rs 27.26L cr at an all-time high, net equity inflows trebling in the last month to Rs 4,499 cr, continued robust SIP book Rs at 8,518.47 cr and SIP AUMs at an all-time high at Rs 3.17 lakh cr is reflective of positive sentiment in equities.” Vishal Kapoor, CEO, IDFC AMC for the December AMFI data, said: “MF Industry data for December indicates a sharp pick-up in retail investor interest in equity funds.”