scorecardresearchMutual funds: SIP monthly inflow to touch ₹18,000 crore by year-end

Mutual funds: SIP monthly inflow to touch 18,000 crore by year-end

Updated: 11 May 2023, 12:12 PM IST
TL;DR.
The average assets under management of the Indian mutual fund industry in March 2023 was over 40­lakh crore.
The total inflows were close to  <span class='webrupee'>₹</span>12,328 crore in March 2022.

The total inflows were close to 12,328 crore in March 2022.

Gross monthly inflows into mutual fund (MF) schemes through the systematic investment plan (SIP) route, which grew nearly 16 per cent to 14,276 crore in March this year, is likely to touch 17,000­-18,000 crore a month by the fiscal­end, reported Business Line.

The total inflows were close to 12,328 crore in March 2022.

According to NS Venkatesh, Chief Executive, Association of Mutual Funds in India (AMFI), the number of unique folios is likely to increase by around 20 per cent to touch 4.5­4.8 crore by end ­FY24, from 3.96­4 crore folios currently.

AMFI, along with other stakeholders, is working on creating awareness about the various schemes and products available through seminars and workshops, particularly in Tier­ II, ­III, ­IV and ­V towns.

“We expect gross inflows to increase to 17,000­ 18,000 crore a month by the end of the current financial year,” Venkatesh said.

The average assets under management of the Indian mutual fund industry in March 2023 was over 40 ­lakh crore.

The AUM as on March 31 was about 39­lakh crore, AMFI data said. Tier­ II and ­III towns currently account for around 30 per cent of the AUM, which is expected to grow on the back of rising consumer awareness, he said.
 

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We elaborate on the magic of compounding in mutual fund SIPs.
First Published: 11 May 2023, 12:12 PM IST

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Systematic Investment Plan is the mutual fund equivalent of a recurring deposit. You invest a fixed sum at regular intervals and enjoy long term returns.