Page 17 - BANKING FINANCE NOVEMBER 2023

MUTUAL FUND

Mutual Fund

News

Number of SIP accounts cludes equity, hybrid, and solution ori- Before this, the debt schemes at-
ented schemes stood at Rs 25,38,126 tracted Rs 61,440 crore in July, data
reaches all-time high in
crores in September, with an average from the Association of Mutual Funds
September AUM of Rs 25,47,739 crores. in India (Amfi) showed.
The SIP contribution stood at an all- "Mutual Fund Industry's growth has The huge outflow has pulled down the
time high of Rs 16,042.06 crore in Sep- been on an upward trend. The half assets under management (AUM) of
tember, compared to the SIP contribu- yearly growth has been encouraging fixed income funds or debt funds to Rs
tion of Rs 15,814 crore in August and and we are optimistic that the trend 13.05 lakh crore at the end of Septem-
Rs 12,693 crore in the same period a will continue to grow. Irrespective of ber from Rs 14 lakh crore in the pre-
year ago. the global headwinds, Indian markets ceding month-end.
The number of SIP accounts stood at have shown resilience. DII's have been Investor sentiment towards debt in-
the highest ever in September at strongly driving the market growth. vestments was largely muted. Barring
712.93 lakh, compared to 696.86 lakh The Mutual Fund industry crossing the
long duration and gilt fund segments,
in August. The mutual fund folios also 4 crore unique investors mark is a tes- all the other 14 categories witnessed
reached an all-time high of tament to Indian retail investors' par- net outflows. These two categories
15,70,96,187 in September from ticipation in equity markets through have been finding favour with investors
15,42,41,577 in August. the Mutual Fund route," said NS for some time in anticipation of a

The number of new SIPs registered in Venkatesh, CEO, Association of Mutual change in the interest rate cycle.
September were the highest ever at Funds in India (AMFI).
36.77, compared to 35.92 lakh in Au- Equity mutual fund in-
gust. Debt mutual funds con-
flows fall in September
The SIP AUM in September stood at Rs tinue to log outflow
8.70 lakh crore, compared to Rs 8.47 Debt-oriented mutual fund schemes 2023, SIP contributions hit
lakh crore in August. new high: AMFI data
witnessed a net withdrawal of Rs 1.01
The retail mutual fund folios which in- lakh crore in September, making it the The equity mutual funds slipped in Sep-
cludes equity, hybrid, and solution ori- second consecutive month of the out- tember according to the data released
ented schemes also reached at an all- flow, primarily due to advance tax re- by the Association of Mutual Funds in
time high of 12,54,51,947 in Septem- quirements of corporates and correc- India (AMFI). Midcap and small-cap
ber compared to 12,30,07,367 in Au- tion in equity markets. The segment mutual funds continue to see inflows
gust.
saw an outflow of Rs 25,873 crore in while large-cap funds witnessed out-
The retail mutual fund AUM which in- August. flows, the data showed. Inflows into

16 | 2023 | NOVEMBER | BANKING FINANCE