Mutual funds SIP collection falls marginally in October, total AUM rises by 17%

Mutual funds garnered Rs 8,245.62 crore through SIPs in October, around Rs 17 crore lower than what they collected in September.

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Mutual funds have seen a marginal fall in their monthly SIP contribution in October. Mutual funds garnered Rs 8,245.62 crore through SIPs in October, around Rs 17 crore lower than what they collected in September. However, the mutual fund industry did well in September with a m-o-m jump of 17% in its total AUM. The industry AUM stood at Rs 26.33 lakh crore.

Amfi Chief NS Venkatesh was excited to announce that SIP AUM has risen to cross the mark of Rs 3 lakh crore.

"SIP AUM crossing the Rs 3 trillion landmark for the first time ever and the continual rise in SIP accounts are a positive reflection of disciplined approach adopted by the retail investor fraternity.," said NS Venkatesh. We expect equity markets to perform better in the coming quarters, as the positive impact of government initiatives trickles down in the economy, driving further inflows in mutual funds," he added.


SIP folios have increased by 4.74 lakh in October to 288.68 lakh.

Equity mutual funds witnessed their five-month low net inflows worth Rs 6,609 crore. The redemptions stood at the three-month high of Rs 11,048 crore. However, the total equity AUM has grown from Rs 7.24 lakh crore in September to Rs 7.55 lakh crore in October.

“Equity AUM is sustainable, it has grown over the last months,” says Amfi Chief.
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The retail contribution to total AUM stood at Rs 11.62 lakh crore. The retail category includes equity funds, ELSS, hybrid, and solution-oriented schemes.

Amfi Chief believes the rise in retail contribution can be attributed to the movement in broader market index Sensex. S&P BSE Sensex rose by 4.76% in October.

“Overall, the market is showing signs of positive momentum and within that mutual fund are also benefitting,” says Venkatesh.

Net inflows into the mutual fund industry has become positive in October. Net inflows were Rs 1.33 lakh crore, compared to -1.52 lakh crore last month.
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“The net inflows have moved to a positive territory of Rs 1.33 lakh crore, mainly aided by the liquid funds. Last month, the negative numbers were as expected because it was quarter-end,” said NS Venkatesh.

While most debt fund categories registered net inflows, credit risk funds continued to witness fall in October as well. The category saw net outflows worth Rs 1,381 crore.
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Also read: Monthly inflows into equity schemes fell marginally in October, shows Amfi data
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