Mumbai, May 9 (IANS). The month of April was historic for the Indian mutual fund industry. During this period, the Systematic Investment Plan (SIP) Inflow stood at Rs 26,632 crore. This is the largest figure of SIP investment in the country so far. This information was given on Friday by the Association of Mutual Funds in India (Amphi).
According to Amphi data, the number of SIP accounts active in April has increased to 8.38 crore, which was 8.11 crore in March. This shows that people are investing in SIPs from a long -term perspective.
46 lakh new SIP accounts are opened in April, while in March the figure was 40.19 lakhs.
“Constant inflow inflow shows improvement in the sentiments of the Morningstar Investment Research India, Manager Research, Himanshu Srivastava, which reflects the improvement in the sentiment of inflow investors, which is supporting equity towards equity as strong corporate income, good corporate income, good macroeconomic fundamental and favorite asset class.”
He said, “No new funds have been launched last month which shows that investors are investing in existing funds.
Assets Under Management (AUM) with SIP has increased to its all-time high 70 lakh crore rupees in April. It was earlier at Rs 65.74 lakh crore in March.
In April, Largecap Mutual Funds have invested Rs 2,671.46 crore, which was Rs 2,479.31 crore in March.
Last month, midcap funds have made an investment of Rs 3,313 crore, which is slightly lower than Rs 3,438.87 crore in March.
Smallcap funds continued to perform well and raised Rs 3,999.95 crore in April, which is slightly lower than Rs 4,092 crore.
-IANS
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