At over Rs 26,000 crore, equity mutual funds see record SIP flows in December – Newz9

MUMBAI: Despite risky inventory market circumstances final month, retail traders put their cash in equities by means of the mutual fund route, with complete inflows at Rs 41,156 crore.
Dec additionally recorded the best-ever gross month-to-month flows by means of the systematic funding plan route, at virtually Rs 26,460 crore, knowledge launched by MF business commerce physique Amfi confirmed. This was the forty sixth month of internet inflows into equity funds, starting March 2021, an Amfi launch mentioned. The momentum of fund influx by means of equity schemes underscores the maturity of Indian traders and behavioral modifications in the backdrop of market volatility and financial slowdown, Sanjay Bembalkar, head of equity at Union MF, mentioned.
Among the equity schemes, mid and small-cap classes collectively recorded inflows of Rs 9,761 crore, at a brand new month-to-month excessive since April 2019. However, sectoral & thematic funds recorded the largest internet influx throughout the class at Rs 15,332 crore. “These numbers indicate structural change in investing culture, thought process maturity and awareness among investors,” Bembalkar mentioned.
The MF business’s complete belongings underneath administration, nonetheless, declined to Rs 66.9 lakh crore from Rs 68.1 lakh crore in Nov. The decline in month-finish AUM may very well be attributed to the sharp outflow from a number of debt funds, primarily from in a single day, liquid and cash market schemes.