Mutual funds industry’s monthly systematic investment plan (SIP) contribution reached a high of Rs 11,305 crore in December 2021, crossing the Rs 11,004 crore mark recorded in November 2021.
This is the highest-ever amount of SIP contribution received in a month.
The number of SIP accounts for December were 4,90,78,547, up from from 4,78,24,469 in November, the Association of Mutual Funds in India (AMFI) said in a press release.
The SIP assets under management (AUM) at the end of December was Rs 5,65,420.04 crore, which is higher than Rs 5,46,683.12 crore in November, AMFI said.
“Net asset under management as on December 31st 2021 is Rs 37,72,696.31 crore, the average asset under management (AAUM) is Rs 37,91,810.92 crore. Multicap Fund has witnessed growth in Rs 10,516.32 crore. The income or debt oriented schemes has seen outflow of Rs -49,154.10 crore,” the statement noted.