SIP inflows hit record ₹32,490 crore in September despite market fall
Equity inflows rise to 5-month high; AUM dips 5% on mark-to-market losses and debt outflows
In September, mutual fund investors poured in a record ₹32,490 crore through systematic investment plans, despite a steep decline in the equity markets. This surpassed the ₹32,297 crore inflows recorded in August. Overall, equity inflows rose to a five-month high of ₹38,306 crore, according to data released by the Association of Mutual Funds in India.
The surge in investments was primarily driven by small-cap funds, which received ₹9,039 crore, followed by mid-cap funds with ₹7,835 crore. Despite the market downturn, the industry's assets under management fell by 5% to ₹82.64 lakh crore, down from ₹87.08 lakh crore in August, largely due to mark-to-market losses and outflows from debt funds, amounting to ₹1.83 lakh crore.
Venkat Chalasani, Chief Executive Officer of AMFI, attributed the continued inflows to investors' confidence in the industry and the Indian economy's resilience, noting that the country has weathered global disturbances before and bounced back. The government has clarified that there will be no charges on SIPs registered through UPI, and the industry is pushing for an exemption on lump-sum investments made through UPI.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- India equity mutual fund inflows hit 5-month high in September despite Nifty slump thehindubusinessline.com
