The inflow through SIPs into mutual funds in India touched an all-time high at Rs 23,332 crore during July compared to Rs 21,262 crore that came in during June.
SIP investments surged to Rs 23,332 crore, which invigorated the Assets Under Management (AUM) for the mutual fund industry to Rs 64.69 lakh crore in July from Rs 60.89 lakh crore in the previous month.
As per Association of Mutual Funds in India, the total inflow in equity funds declined by 8.6 percent to Rs 37,113.4 crore in July from a record of Rs 40,608.19 crore in June.
This is the 41st straight month of inflows into open-ended equity funds. In this period, Sensex gained 3.43%, while Nifty gained by 3.92%.
On the back of continued investments by retail investors, who now regard mutual funds as an important part of their financial planning, says AMFI's Chief Executive, Venkat Chalasani.
The sectoral and thematic funds saw the highest inflow at ₹ 18,386.35 crore in the month. Besides, debt mutual funds reported a net inflow of ₹ 1,19,587.60 crore, quite a contrast from June, when it was a net outflow of ₹ 1,07,357.62 crore. Short-term liquid funds saw a net inflow of ₹ 70,060.88 crore, while money market funds received ₹ 28,738.03 crore in net inflows.
FPIs invested Rs 54,727 crore in equity and debt markets in July, with data from NSDL showing they pumped in Rs 32,364 crore into the equities and Rs 22,363 crore into debt instruments.
According to analysts, FPIs invest in the equity and debt markets expecting an attractive return on their investment over the medium term. In the given scenario, global equity market performance, the dollar index, geopolitical development, and investment opportunities in Indian markets—currently at slightly higher valuation levels—are the factors guiding FPIs' decisions to.
Read also | Advantages of Outsourcing B2B Appointment Setting
Read also | India Leads Major Economies in Rapid Growth of Intangible Investments
