NEW DELHI: Retail investors continued to pour money in
mutual funds through systematic investment plans (
SIPs) as the industry received Rs 8,233 crore through this route in December, a rise of 3.10 per cent on a month-on-month basis, media reports said.
SIP inflows stood at Rs 7,985 crore in November. The BSE
Sensex and NSE
Nifty remained almost flat during the month gone by.
However, total asset under management (AUM) of the industry declined 5 per cent to Rs 22.85 lakh crore in December as against Rs 24 lakh crore in November.
In 2018 overall, mutual funds added a staggering Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets, PTI reported earlier.
The asset under management (AUM) of the industry grew by 5.54 per cent or Rs 1.24 lakh crore to Rs 23.61 lakh crore at the end of December 2018, up from Rs 22.37 lakh crore at the end of December 2017, Association of Mutual Funds in India (
Amfi) data showed.