 data for the month of July released today.){kind=link}
In a month that saw Sensex and Nifty hit their all-time highs again after doing so in June as well, investors displayed their happiness by pumping in more money into mutual fund SIPs, as per AMFI (Association of Mutual Funds in India) data for the month of July released today.
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Mutual Fund SIPs Jump To All-Time High
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Mutual fund SIPs were the star performer last month, said AMFI CEO NS Ventakesh, as inflows reached a new record high in July. Mutual fund SIP inflows stood at Rs 15,242.7 crore during the month of July. The AUM (assets under management) under mutual fund SIPs was Rs 8.32 lakh crore in July, against Rs 7.93 lakh crore in the previous month.
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Also Read: Daily, Weekly Or Monthly – Which SIP Frequency Gives Maximum Returns
Where Did Investors Invest In July?
Equity mutual funds, however, saw net inflows dip sequentially in July on the back of outflows from large-cap funds. Net investments into actively managed equity schemes fell 11.7% to Rs 7,626 crore in July from Rs 8,638 crore in June, according to data released by AMFI on Wednesday, as per BQ Prime report.
But investors continued to be attracted by the perceived outperformance of small-cap funds, which accounted for 54.7% of the net equity fund inflows.
Small-cap funds saw inflows of Rs 4,171.4 crore in July, compared with Rs 5,472 crore in June. Large-cap schemes saw outflows of Rs 1,880 crore last month, compared to outflows of Rs 2,050 crore in June. Mid-cap funds logged inflows of Rs 1,623.3 crore during the period under review in comparison to Rs 1,749 crore in the previous month.
Why Invest In MF SIPs?
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If you are wondering why one should invest in mutual funds through SIP route, then have a look at these benefits:
1.Small and regular investments prevent stressing your finances
2.No need to find the ‘right time’ to enter or exit the market
3.Enhances the power of compounding
4.Offers the option to step up, pause or exit
To know more about MF SIP benefits, click here.
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