With retail buyers stepping up their investments, fairness schemes of mutual funds obtained file inflows of Rs 25,076 crore throughout December at the same time as international buyers pulled out Rs 35,000 crore from the inventory markets.
According to knowledge from the Association of Mutual Funds of India (AMFI), fairness schemes obtained Rs 11,614 crore in November and Rs 5,214 crore in October. Index funds and ETFs additionally obtained Rs 18,702 crore in December. However, debt funds witnessed outflows of Rs 49,154 crore. AMFI mentioned SIP (systematic funding plan) numbers have grown from every month up to now one 12 months of 2021. For the month of December 2021, month-to-month SIP contribution stood at a file excessive of Rs 11,305.34 crore, up from the November 2021 month-to-month SIP contribution at Rs 11,004.94 crore.
“The variety of SIP accounts for December 2021 are 4.90crore, up from 4.78 crore in November 2021. SIP belongings as on the finish of the December 2021 month is Rs 5.65 crore as towards Rs 5.46 crore in November.
N S Venkatesh, chief government, AMFI mentioned: “2021 has been a momentous year, with mutual funds emerging as the preferred investment destination with continued record equity flows through NFOs and ongoing investment into existing schemes. The year has seen remarkable growth in mutual funds with hike in inflows across all categories of funds.”
“SIP has been the favourite medium of consistent investing and disciplined mode of savings by the common man. This is evident from the number of accounts rising,” he mentioned.