Investment through Mutual Fund SIPs during January 2019 at Rs 8,064 crore

The month of January 2019 was not great for equity investors as almost all the equity indices gave negative returns. Even the inflows to the equity dedicated MF schemes were lowest in the last three months. The net inflow in equity schemes in the month of January 2019 was below Rs 5000 crore. Total inflows to the equity fund remained at Rs 15720 crore, however, there was an even outflow of Rs 10800 crore in the same month.

Despite such lower inflows in equity dedicated mutual fund, the SIP amount saw an increase of 1 per cent on a sequential basis. For the month of January 2019, the domestic mutual fund industry has received Rs 8064 crore. This should be seen against the background that the upfront commission has been banned since October 2018.

Since the start of April 2016, the monthly aggregate SIP has increased by 160 per cent. It has increased from Rs 3122 crore every month to Rs 8064 crore during last month. AMFI data shows that the MF industry had added about 9.31 lacs SIP accounts each month on an average during the FY 2018-19, with an average SIP size of about ₹3,150 per SIP account. Indian Mutual Funds have currently about 2.57 crore (25.7 million) SIP accounts through which investors regularly invest in Indian Mutual Fund schemes.