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Shared funds industry's SIP contribution reached new high in December 2021Mutual funds market's monthly methodical financial 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 gotten in a month.The variety of SIP represent December were 4,90,78,547, up 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 stated.
Net property under management as on December 31st 2021 is Rs 37,72,696.31 crore, the average property under management (AAUM) is Rs 37,91,810.92 crore.
Multicap Fund has actually 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.According to AMFI Chief Executive N S Venkatesh, 2021 has actually been a special year for shared fund market.
The year has seen remarkable development in shared funds with walking in inflows throughout all categories of funds.
From an Average AUM of Rs 30,96,274 crore in December 2020 to Rs 37,72,696.31 crore in December 2021, the year-on-year development of 26 percent has actually set the ball rolling for mutual fund market in 2022, Mr Venkatesh stated.
Business
Shared Funds Industry's SIP Contribution Touched Rs 11,305 Crore In December 2021: Report
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