Investment inflows through SIP fell to Rs 7302 crore, 31-month low

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(Commercial Representative) Mumbai, Ta. 15 December 2020, Tuesday

The flow of investment in mutual funds through Systematic Investment Plans (SIPs) has come down to a 21-month low of Rs 209 crore in November 2020. As the challenges on the economic front increase, the mindset of investors for investment has weakened. However, investment through SIPs increased after a six-month decline in October 2020.

Representing mutual funds, the mutual fund industry has seen an investment of Rs 205 crore through SIPs in November 2020, up from Rs 200 crore in October 2020, according to figures from the Association of Mutual Funds in India (AMFI).

This is the lowest level of investment through SIPs since November 2013, when Rs 20 crore was invested through SIPs. With the last three days of November 2020 being non-business days, it is possible that the SIP inflows may have slowed down.

Meanwhile, in the month of November 2020, there has been a strong increase of 4.5 lakh in SIP accounts. Funds raised through SIPs stood at Rs 2 crore in September 2020, Rs 21 crore in August 2020 and Rs 21 crore in July 2020. It was less than Rs 2,000 crore in June to Rs 318 crore, Rs 215 crore in May 2020, Rs 4 crore in April 2020 and Rs 21 crore in March.

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