Mutual funds' SIP assets hit record Rs 5.8 lakh crore in January

The assets under management (AUM) of domestic mutual funds linked to the systematic investment plans (SIPs) reached a record ₹5.8 lakh crore in January 2022 as the monthly inflow in these schemes remained above ₹10,000 crore for the fifth month in a row. According to data from the Association of Mutual Funds in India (AMFI), the share of SIP-linked funds in the industry AUM expanded to 15.2%, a two-fold increase in five years.

Amid a sustained inflow from retail investors, the AUM of domestic funds continued to rise despite a drop in the country's market capitalisation by nearly 5% from the recent peak as foreign investors pruned exposure to Indian equities.
The SIP AUM grew by 33% annually in the past five years while monthly SIP book grew by 23%. The monthly SIP inflow was ₹11,516 crore in January 2022. The cumulative SIP inflow was ₹1 lakh crore in the first ten months of FY22 compared with ₹79,370 crore in the corresponding period of the previous fiscal year.

The domestic funds' AUM including equity, balanced and ETF categories was at a record ₹19.9 lakh crore at end of January, according to NSDL data. The cumulative inflow of active and passive equity funds including index funds and ETFs was ₹2.1 lakh crore between April 2021 and January 2022 compared with just ₹5,650 crore in the year-ago period.