Investors’ faith in the systematic investment plan (SIP) for mutual fund investments is growing by leaps and bounds which is quite evident with the monthly contributions touching an all-time high of ₹12,328 crore in March 2022.
The figure also shows that investors have been renewing and investing in new SIP for the next financial year. The number of SIP accounts also stood an all-time high in March 2022 at 5,27,72,521 crossing the previous month’s high of 5,17,28,726.
SIP contribution for February 28, 2022, was ₹11,437.70 crores. The figure for December 2021 was ₹11,305.34 crores, and for January 31, 2022 was ₹11,516.62 crores.
|Month||SIP Contribution ( ₹crore)|
(Source: AMFI data)
Assets under management (AUMs) for SIPs at the end of March 2022 is ₹5,76,358.30 crores whereas for February 2022, the was ₹5,49,888.76 crores.
At ₹37,56,682.57 crores, the Net AUMs for the Indian Mutual Fund Industry also reports growth. The number of folios also posted growth as on March 31, 2022 which was 12,95,04,652 as compared to 12,61,29,549 from February 28, 2022.
Commenting on the March 2022 Mutual Fund data, N S Venkatesh, Chief Executive, AMFI said: “The deteriorating geo-political situation with Russia-Ukraine war, elevated hawkish US Fed stance, or even the rising inflation owing to spurt in fuel prices has not deterred continued investor confidence in the India growth story. Flows into retail schemes in CY 2022, continue to show month on month increase, led by rising SIP contribution, which for March 2022 are at an all-time high at ₹12,328 crores, and with economy opening up due to tapering Covid prevalence in the country.”
In the past 12 months as on March 31, 2022, the mutual fund industry added 1.09 crore unique investors which is also reflective of investor confidence in the mutual asset class, Mr Venkatesh said.
From a negative ₹24,906 crore flows in March 2020, two years ago, when Covid-19 hit India enforced lockdown bringing economy to a grinding halt, to a positive ₹24,789 crores flows in March 2022, when economy has completely opened up, mutual fund investors have only consolidated on their steadily rising returns driven by disciplined SIP-driven savings approach, Mr Venkatesh said.
Meanwhile, in the month of March 2022, 23 new fund offers were launched under open ended schemes, and eight fixed term plans were launched.
Funds mobilised through the three categories of income/debt oriented, growth/ equity oriented-schemes and other schemes is ₹13,275 crores for the month of March 2022.