Mutual funds industry's monthly systematic investment plan (SIP) contribution reached a high of ₹ 11,305 crore in December 2021, crossing the ₹ 11,004 crore mark recorded in November 2021.
This is the highest-ever amount of SIP contribution received in a month.
The number of SIP accounts for December were 4,90,78,547, up from 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 ₹ 5,65,420.04 crore, which is higher than ₹ 5,46,683.12 crore in November, AMFI said.
"Net asset under management as on December 31st 2021 is ₹ 37,72,696.31 crore, the average asset under management (AAUM) is ₹ 37,91,810.92 crore. Multicap Fund has witnessed growth in ₹ 10,516.32 crore. The income or debt oriented schemes has seen outflow of ₹ -49,154.10 crore," the statement noted.
According to AMFI Chief Executive N S Venkatesh, 2021 has been a "momentous year" for mutual fund industry.
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"The year has seen remarkable growth in mutual funds with hike in inflows across all categories of funds. From an Average AUM of ₹ 30,96,274 crore in December 2020 to ₹ 37,72,696.31 crore in December 2021, the year-on-year growth of 26 percent has set the ball rolling for mutual fund industry in 2022," Mr Venkatesh said.
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