Mutual Fund SIP Inflows hit 31st-month low at Rs. 7,302 crores in November
In the last month, SIP inflows witnessed a low of Rs. 7,302 crores amid a challenging economic environment. As per the records, this is the 31st month for witnessing the inflows in mutual fund investments through systematic investment plans.
Although, the SIP investments had raised in October after six months of continuous decline.
According to the reports, the SIP inflows dropped to Rs. 7,302 crores in November from the previous flows of Rs. 8,000 crores.
In September, the Mutual fund investments through SIPs witnessed Rs. 7,788 crores. Besides, SIP fund collections in August and July months witnessed as Rs. 7,791 crores and Rs. 7,831 crores respectively. Moreover, the SIP lows dropped to Rs. 7,917 crores from Rs. 8,000 crores mark in June.
Data from the Association of Mutual Funds in India showed that from March to June, mutual fund collections through SIP dropped by nearly Rs. 724 crores. As per the source, it was at Rs. 8,641 crores in March and Rs. 8,376 crores in April. Besides, it was at Rs. 8,123 crores in May.
At present, the fund collection through SIPs dropped. Because investors want to keep some liquidity in the current situation. Moreover, the SIPs still remain dull due to the low activity from the retail investors during the lockdown period.
On the other hand, Equity mutual funds witnessed an outflow of Rs. 12,917 crores in November. However, this is the fifth straight month that investors have been booked their profit amid higher market valuations.
According to the reports, the investors have regularly invested in Indian mutual fund schemes which witnessed nearly 3.41 crores Systematic Investment Plan accounts.