scorecardresearchMonthly mutual funds SIPs cross ₹13,500 crore in December; Equity inflow surges over 220%, AMFI data

Monthly mutual funds SIPs cross 13,500 crore in December; Equity inflow surges over 220%, AMFI data

Updated: 10 Jan 2023, 02:33 PM IST
TL;DR.
Total inflow to equity mutual fund schemes jumps to 7,303 crore in the month of December against 2,258 crore in the preceding month
The last calendar month of 2022 saw an outflow of  <span class='webrupee'>₹</span>21,946 crore in debt schemes

The last calendar month of 2022 saw an outflow of 21,946 crore in debt schemes

The last month of calendar year 2022 saw a massive 223 percent jump in inflow to equity mutual fund schemes vis-à-vis the preceding month. Monthly systematic investment plans (SIPs) also rose to 13,573 crore from 13,306.5 crore in November. 

N S Venkatesh, Chief Executive, AMFI said, “The importance of investing in equity markets for the longer term goals is not lost on investors and the same is reflected in the ever-increasing awareness and adoption of SIP as a goal-linked route to create wealth over the long term."

A total of 380 equity mutual fund schemes saw a total inflow of 7,303 crore in the month of December, whereas the corresponding data in November was 2,258 crore, shows the data released by Association of Mutual Funds in India (AMFI) on Tuesday.

It is vital to note that the inflow to equity mutual fund schemes in December is still 22 percent lower than what it was in October when this figure stood at 9,390 crore.

MonthEquity inflow (Rs crore)                         Debt inflow ( crore)
December7,303.39-21,946.73
November2,258.35                  3,668.59
October                              9,390.35-2,817.7

Another trend worth noting is that inflow to index mutual funds witnessed a fall of 21.7 percent from 8,601 crore in November to 6,736 crore in December.

Debt schemes

The fixed income schemes or debt mutual fund schemes saw a massive outflow in December with 21,946 crore exiting a total of 312 schemes.

This is in contrast to a huge inflow of 3,668 crore in debt schemes in the preceding month of November. Even October also saw an outflow from debt schemes amounting to 2,817 crore from a total of 318 schemes.

New schemes

The month of December also witnessed the launch of 36 new schemes out of which 24 were open-ended schemes while the remaining dozen fall in the category of close-ended schemes. These new schemes raised a total of 8,486 crore in the month of launch i.e., December.

These new launches included 16 debt schemes, six equity oriented, one multi-asset allocation scheme, nine index funds and four other ETFs.

Venkatesh said, "This month almost 24 lacs new SIPs were registered, which shows increasing investor belief in the instrument. SIPs are the simplest route to build a disciplined habit of regular investing.”

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First Published: 10 Jan 2023, 12:31 PM IST