Mutual Funds: No. of unique investors crosses four crore in Sep, AMFI data

Mutual Funds: Number of unique investors crosses four crore in September {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

The net inflow to equity mutual funds fell to 14,091 crore rupees in the month of September from 20,245 crore rupees in Aug. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

The net inflows/ outflows to mutual funds was (-) 66,191.59 crore rupees for September. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

“The September quarter marked the end of half-year and that of quarter, so the corporates withdrew money for taxes,” N.S.Venkatesh, chief executive of AMFI. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

Also, banks withdraw money to avoid keeping additional capital. So they moved money to the RBI and hence the negative inflow figure, he added. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

One of the milestones that the mutual fund industry has touched this month is that of crossing the number of four crore unique investors. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

Additionally, SIPs saw a good traction. For the first time, SIP contribution crossed more than 16 crore rupees in the gross inflow. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

The number of SIP folios hit 7.12 crore. The AUM of mutual funds hit 8,17,866 crore rupees, while the new SIPs hit an all-time high of 36 lakh. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

The hybrid schemes saw an increase from 17,081 crore rupees to 18,650 crore rupees. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}

Click here to know more about the latest AMFI data. Click here for more personal finance stories. {"selector":".custom-animation","duration":"4s","easing":"ease-out","keyframes":[{"transform":"scale(1)"},{"transform":"scale(1.5)"},{"transform":"scale(2)"}]}