Gross SIP inflows in mutual funds has increased in June to reclaim the Rs.9,000 level last seen in March 2021. Mutual funds garnered Rs.9,156 crore through SIP last month compared to Rs.8,819 crore in May. The figure is only a notch lower than the all-time-high of Rs.9,182 crore recorded in March 2021.
In June, the total number of SIP accounts crossed the 4 crore mark for the first time, thanks to record 21 lakh new registrations. “June 2021 reported record 21.29 lakh new SIP registrations. SIP AUM at an all-time high and now forming almost 15% of total industry AUM and number of SIP accounts breaching 4 crore mark for the first time ever, is reflective of continued retail investor confidence in the mutual fund asset class,” said AMFI CEO NS Venkatesh.
Net inflow in equity funds has declined to Rs. 5,988 crore in June after witnessing 14-month-high inflow of Rs. 10,083 crore in May.
