SIP contribution at historic levels, crosses 11k cr in Nov: AMFI

“We expect MF Industry to continue to report robust growth, and deliver value to its investors beyond 2021,” said N S Venkatesh, Chief Executive, AMFI.  

The mutual fund industry reported its highest ever SIP contribution at INR 11,004.94 crore in the month of November, AMFI data showed.  The average AUMs (asset under management) and the Net AUMs for November 2021 stood at a record high of INR 38,45,377.59 crore and INR 37,33,701.82 crore, respectively.

The net flow has been positive for all five categories. In Income/Debt Oriented Schemes at INR 6.97 crores, Growth/Equity Oriented Schemes at INR 13.207 crores, Hybrid schemes, Solution-oriented schemes or others like Index or ETFs, etc, data from AMFI showed.

Furthermore, all 23 open-ended securities reported positive flow. In fact, FMPs, the close-ended debt scheme also reported a positive flow for the first time. The Folios under retail schemes stood at an all-time high of INR 9,51,68,813.

“Despite rising uncertainty owing to the feared third wave of the pandemic, and extreme equity market volatility, Retail Investors continue to benefit and hence also stick to displaying trust on the disciplined SIP mode of savings in Mutual Funds. On the back of accommodative RBI policy stance, with focus on economic revival and growth and keeping inflation within target, we expect MF Industry to continue to report robust growth, and deliver value to its investors beyond 2021, in the years to come,” said N S Venkatesh, Chief Executive, AMFI.  

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