“It is very heartening to see that Indian retail investors continue to invest in the equity markets via the Mutual Fund route, especially through SIP mode. The record SIP contribution of Rs 15,813.54 crores is a testimony of the Indian Investors long term approach to building wealth by investing through small ticket sized SIPs,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
“We see that the retail investors are reposing faith and trust in the mutual fund industry and they are using the SIP as an investment vehicle to participate in the India story and we believe that going ahead we will see the SIP numbers are going to show an increasing trend.”
“The surge in retail investors interest in mutual funds has translated into impressive inflows across scheme categories. The star performer this month has been Systematic Investment Plan (SIP), with an impressive 33,06,337 new SIP accounts registered and a record Rs 15,245 crore of monthly contribution. Moreover, the industry s Assets Under Management (AUM) have grown by 25% YoY, underscoring mutual funds significance in financialization of savings,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
Essentially, we believe that the SIP numbers are really good. The confidence and trust of the retail investor is really high. They have continued to participate in the mutual fund through the SIP route.