SIP Inflows Cross Rs 25,000 Crore Mark for 2nd Consecutive Month in November

The inflow into systematic investment plans (SIPs) in the country topped the 25,000 crore rupees mark for the second consecutive month and stood at 25,320 crore rupees in November this year, almost similar to the October figures of 25,323 crore rupees. 

According to data from the Association for Mutual Funds in India (AMFI) released yesterday, last month, the mutual fund industry’s total assets under management (AUM) increased to over 68 lakh crore rupees from over 67 lakh crore rupees in October.

Equity-linked



Savings Schemes (ELSS) saw an increase in inflows, rising to over 618 crore rupees in November from 362 crore rupees in October. The small-cap funds experienced a nine per cent increase, rising to 4,112 crore rupees. Mid-cap funds also saw a slight increase of 4.3 per cent, climbing from 4,683 crore rupees in October to 4,883 crore rupees in November.

Meanwhile, the equity mutual funds witnessed an inflow of 35,943 crore rupees in November, marking a drop of 14 per cent on a monthly basis.