SIP Inflows In Mutual Funds Reach New High At Rs.12,976 Crore

11 Oct 2022 , 02:11 PM

According to data issued by the Association of Mutual Funds in India (AMFI), net inflows into equities mutual funds increased by 130% month on month (MoM) in September to Rs 14,100 crore (US$ 1.71 billion), after falling to a 10-month low of Rs. 6,100 crore (US$ 740.33 million) in August. Despite the fact that the market was in the red last month, with the Nifty 50 losing more than 3%, investors are flocking to equity plans. SIP inflows increased 2% month on month to a new all-time high of Rs 12,976 crore (US$ 1.57 billion). Despite the equities market decline and withdrawals from the debt market, the industrys assets under management (AUM) increased 0.87% month on month to Rs. 39.87 trillion (US$ 484.09 billion) in September.Powered by Capital Market – Live News