Mutual Funds News: SIP Made Record-Breaking Investments of Over Rs 17000 Cr in November

09 Dec, 2023 Author: Ayushee Joshi

SIP Investments: Systematic Investment Plans (SIP) investments saw a record high last month, despite a slowdown in the pace of flows into equity funds. Through SIP, investments totaling Rs 17,703 crore were made in November. The SIP figure has surpassed Rs 17 thousand crores for the first time. With investments of Rs 16,042 crore in September and Rs 15,814 crore in August, the total SIP investment as of October was Rs 16,928 crore. In November, a total of twelve schemes were introduced. There are currently 1472 mutual fund schemes available on the market for investors of various categories.

Decline in Equity Funds, Total AUM Reaches Record-High

According to data released by the Association of Mutual Funds in India (AMFI), equity fund inflows have decreased. In November, equity funds received a net inflow of Rs 15536.42 crore, compared to Rs 19957.17 crore in October. The Association of Mutual Funds in India (AMFI) reported that net inflows into equity funds fell to a two-month low of Rs 15,536 crore in November, while debt funds saw an outflow of Rs 4,707 crore.