NEW DELHI: Retail investors continued to pour money in mutual funds through systematic investment plans (SIPs) as industry received Rs 8,022.33 crore through this route in December, a rise of 0.46 per cent on a month-on-month basis, media reports said.SIP inflows stood at Rs 7,985 crore in November.
The BSE Sensex and NSE Nifty remained almost flat during month gone by.However, total asset under management (AUM) of industry declined 5 per cent to Rs 22.85 lakh crore in December as against Rs 24 lakh crore in November.Media report further added that number of SIP folios increased by nearly two lakh in December.Equity funds AUM stood at Rs 6,98,546 crore in December against Rs 6,89,470 crore in November.
Equity funds inflows dropped by 23.93 per cent to Rs 5,765 crore on a month-on-month basis.
Balanced funds inflows declined 79 per cent to Rs 45 crore.
Equity ETFs stood at Rs 1,07,363 crore against Rs 94,863 crore MoM.In 2018 overall, mutual funds added a staggering Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets, PTI reported earlier.The asset under management (AUM) of industry grew by 5.54 per cent or Rs 1.24 lakh crore to Rs 23.61 lakh crore at end of December 2018, up from Rs 22.37 lakh crore at end of December 2017, Association of Mutual Funds in India (Amfi) data showed.