Despite outflows from debt funds, the assets under management by Indian mutual funds rose to Rs 37.72 trillion as on December 31, 2021 compared to Rs 37.33 trillion as on November 30, 2021. Equity funds saw net inflows of Rs 25,076 crore in December compared to Rs 11,614 crore in November 2021, as per monthly data released by Association of Mutual Funds in India (AMFI).
Systematic investment plans (SIP) remained the preferred mode of investments for many retail investors. For the month of December 2021, monthly SIP contribution stood at Rs 11,305 crore compared to Rs 11,004 crore reported in the previous month. SIP accounts also went up to 4.90 crore from 4.78 crore in November 2021.
