AMFI Data: Equity Mutual Funds See Inflows For Tenth Month In A Row

view original post

SIP Inflows

Monthly contributions into systematic investment plans rose for the eight straight month

According to the mutual fund lobby, monthly SIP contributions hit a fresh high of Rs 11,305.34 crore. Around 12.54 lakh SIP accounts opened during the reported month, AMFI said in a media statement.

The number of mutual fund SIP accounts stood at 4.90 crore as on Dec. 31 compared with 4.78 crore in November.

“Year 2021 has been a momentous year, with Mutual Funds emerging as the preferred investment destination with continued record equity flows through NFOs and ongoing investment into existing schemes. The year has seen remarkable growth in mutual funds with hike in inflows across all categories of funds,” said NS Venkatesh, chief executive officer at AMFI, was quoted as saying in the statement.