Mumbai: The investments in systematic investment plans (SIPs) touched record high in November. The total investment in SIPs crossed Rs 17,073 crore for the first time.
As per data released by the Association of Mutual Funds in India (Amfi), the SIP AUM (assets under management) also touched a new high of Rs 9.3 trillion. It was at Rs 8.6 trillion in October.
Net inflows into open-ended equity schemes fell to Rs 15,536 crore, compared with Rs 19,957 crore in October. Inflows into largecap funds were in the positive territory, but dropped to Rs 307 crore. Smallcap funds attracted Rs 3,700 crore and midcaps also witnessed inflows of Rs 2,666 crore.
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Retail AUM (equity, hybrid, and solution-oriented schemes) stood at Rs 27 trillion as of November-end, with an average AUM of Rs 26.4 trillion during the month.
Open-ended debt schemes, however, saw erosion of Rs 4,706 crore. The money market category saw Rs 865 crore of net inflows while the long duration funds witnessed a mere Rs 87 crore in net inflows. Most of the debt schemes saw net outflows. In October, the debt category had witnessed Rs 42,634 crore in net inflows, with liquid funds being the biggest beneficiary.
The Banking & PSU Fund and floater fund schemes saw Rs 305 crore and Rs 648 crore, respectively. Gilt funds witnessed Rs 92-crore inflows.
The net AUM for the industry stood at over Rs 49 trillion as of November 30, while the average AUM for the month was Rs 48.74 trillion. As of October end, the net AUM was Rs 46.7 trillion and average AUM stood at Rs 478 trillion.
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