NEW DELHI: Retail investors continued to pour money in mutual fundS through systematic investment plans (SIPs) as the industry received Rs 7,985 crore via this route in November, a rise of 35.44 per cent on a year-on-year basis.
However, the figure remained flat on month-on-month basis despite the volatility in the stock market, according to AMFI. SIP AUM increased to Rs 2.31 lakh crore in November from Rs 2.17 lakh crore in the previous month.
SIP folios also increased to Rs 2.52 crore in November from 2.49 crore last month. “Slowly the confident is coming back despite the volatility in the market. Retail investors have shown resilience,” said NS Venkatesh, CEO, AMFI.
Average Assets Under Management (AAUM) of the industry for the month of November 2018 stood at Rs 24,03,134 crore, registering a growth of 5 per cent on YoY basis and 8 per cent on month on month basis.
Within the total AUM, the retail AUM which includes Equity, ELSS and Balanced schemes again retouched Rs 10,08,464 crore. “We originally touched Rs 10 lakh crore in July 2018. Thereafter we saw a marginal dip in August and September.”
The total number of folios as on November 30, 2018 stood at 7.97 crore, witnessed an increase of 23 per cent on year-on-year basis. Within that the retail segment stood at 6.71 crore, up 27 per cent year-on-year.
Wild movement in crude oil prices and rupee depreciation mainly drive market sentiment last month.
However, net inflow in the month of November jumped 13 per cent year-on-year to Rs 1.42 lakh crore.
Income funds had shown net outflow of Rs 6,500 crore compared to Rs 37642 crore in October 2018. On the equity, the inflow was Rs 7,579 crore in November against inflow of around Rs 11000 crore October 2018.
Source: Economic Times