Mutual Fund

In March, MF SIP inflows touched Rs 14K crore for the first time.

Despite market volatility, retail investors in India demonstrated increased maturity by investing a record-breaking amount of Rs 14,276 crore in mutual fund schemes through the systematic investment plan (SIP) route in March. Additionally, there were strong inflows into fixed income plans, including corporate bond schemes, as investors hurried to put money in these funds before a change in taxation norms from April 1.

According to industry data released by AMFI, this is the highest monthly inflow to date, with nearly 22 lakh new SIPs registered during the month and a total of approximately 6.4 crore accounts. The number of SIP accounts has more than doubled from 3 crore in March 2020.

Amfi’s chief executive, N S Venkatesh, believes that the surge in investors witnessed in the post-pandemic period, despite global geopolitical reasons and inflation-related volatility, indicates resilient investor behavior. The adoption of digital investment channels during the pandemic also helped drive the strong surge in SIP accounts, with a significant portion of the surge originating from previously untapped hinterland areas.

Furthermore, industry data revealed that despite a volatile market during FY23, equity mutual funds collectively drew in net inflows of over Rs 2 lakh crore.

Disclaimer: The information provided in this post is based on online sources. However, the reader is strongly advised to verify the information and check for any updates or corrections by referring to the official government notification or website. The author and publisher of this post do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any loss or damage caused directly or indirectly by the use of such information. The reader is solely responsible for any decisions or actions taken based on the information provided in this post.

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