According to Amfi chief executive N S Venkatesh, the latest industry data shows a positive trend in equity MF flows. Small-cap funds have witnessed inflows, majorly driven by retail investors as their investment is for the long term. “Encouraging SIP numbers indicate retail investors’ trust in mutual funds. We believe that SIP inflow momentum has and will continue to balance out the FII outflows in the market,” Venkatesh said. “(January) showed almost 23 lakh new SIPs being registered, which indicates increasing investor belief in the instrument.”
The Amfi data showed that it was in October last year when monthly SIP flows topped the Rs 13,000-crore mark for the first time and has remained above that figure for the last four months. Since January of last year, total inflow through the SIP route was almost Rs 79,450 crore.
On the other hand, as the Amfi CEO observed, net selling by foreign portfolio investors (FPIs) from the stock market in 2022 was at Rs 1.2 lakh crore, while in January this year it was about Rs 28,850 crore, according to CDSL data.
During the month, equity schemes as a whole recorded net inflow worth Rs 12,547 crore — one of the highest in recent months, while debt funds recorded net outflow worth Rs 10,316 crore, Amfi data showed. Hybrid funds too showed anet inflow of Rs 4,492 crore, while ETFs recorded a net inflow worth Rs 3,955 crore.
A total of 18 schemes were launched during last month, out of which 12 schemes were open-ended and six were closed-ended ones. Total funds mobilised through these schemes was Rs 4,422 crore, Amfi noted.
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