SIP: Mutual fund SIP assets hit a record high of Rs 5.8 lakh crore in January

Assets Under Management (AUM) of Domestic Mutual Funds linked to Systematic Investment Plans (SIPs) hit a record high of 5.8 lakh crore in January 2022 as monthly inflow into these schemes remained above 10,000 ₹ crore for the fifth consecutive month. According to data from the Association of Mutual Funds in India (AMFI), the share of SIP-related funds in the sector’s AUM increased to 15.2%, a doubling in five years.

Amid strong inflows of retail investors, domestic fund assets under management continued to rise despite a drop in the country’s market capitalization of almost 5% from the recent peak, as foreign investors reduced their exposure to Indian stocks.

SIP AUM has grown 33% annually over the past five years, while monthly SIP book has grown 23%. Monthly SIP inflow was ₹11,516 crore in January 2022. Cumulative SIP inflow was ₹1 lakh crore in the first ten months of FY22, compared to ₹79,370 crore in the corresponding period of the previous year. The AUM of domestic funds, including equity, balanced and ETF categories, was at a record 19.9 lakh crore at the end of January, according to NSDL data. The cumulative inflow of active and passive equity funds, including index funds and ETFs, was ₹2.1 lakh crore between April 2021 and January 2022, compared to just ₹5,650 crore a year ago.