Mutual fund industry’s SIP contribution reached Rs 11,305 crore in December 2021: report

Mutual Fund Industry SIP Contribution to New High in December 2021

The monthly contribution to the systematic investment plan (SIP) of the mutual fund industry peaked at Rs 11,305 crore in December 2021, breaking through the Rs 11,004 crore mark recorded in November 2021.

This is the highest SIP contribution ever received in a month.

The number of SIP accounts for December was 4,907,854, up from 4,78 24,469 in November, the Mutual Fund Association of India (AMFI) said in a press release.

SIP’s assets under management (AUM) at the end of December stood at Rs 5,65,420.04 crore, which is higher than Rs 5,46,683.12 crore in November, AMFI said. . .

“The net assets under management at December 31, 2021 is Rs 37.72 696.31 crore, the average assets under management (AAUM) is Rs 37.91 810.92 crore. The Multicap fund rose to Rs 10,516.32 Income or debt-focused programs saw an outflow of Rs -49,154.10 crore, ”the statement said.

According to AMFI Managing Director NS Venkatesh, 2021 has been a “year to remember” for the mutual fund industry.

“The year was marked by remarkable growth for mutual funds with increased entries in all fund categories. From an average AUM of Rs 30,96,274 crore in December 2020 to Rs 37,726,696.31 crore In December 2021, year-over-year growth of 26% started the ball rolling for the mutual fund industry. placement in 2022, ”said Mr. Venkatesh.

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Dolores W. Simon