Investing in mutual funds is a good option.

New Delhi:

People in the country have started to understand the importance of investment and people are also starting to understand the importance of mutual funds as an investment option.

Although there are many types of mutual funds, there has been an increase of 72 percent in cases of investment in funds that invest more in the stock market.

At the same time, a record increase has been seen in SIP investment.

There has been an increase in SIP (Systematic Investment Plan) contribution in the last month.

The January monthly data shows SIP contributions of Rs 13,856.18 crore as compared to Rs 13,573.08 crore in the month of December 2022.

SIP shows an upward trend month after month. 

Mutual fund folios 14,28,43,642 Mutual fund industry AUM (AUM Asset Under Management) crossed the all-time high of Rs 39,62,406 crore, AAUM Rs 40,80,311 crore.

The retail AUM (equity+hybrid+solution oriented scheme) in January 2023 stood at Rs 20,35,517 crore and the average AUM stood at Rs 20,65,262 crore.

The number of folios under Retail Schemes (Equity + Hybrid + Solution Oriented Schemes) stands at 11,43,32,946.

The number of SIP accounts for the month of Jan 2023 was 6,21,62,694, a net addition of 9,20,163 from the month of Dec 2022 which was 6,12,42,531. 

SIP AUM for January 2023 was Rs 6,73,774.80 crore.

The new SIPs registered for the month of January 2023 are 22,65,205.

A total of 18 schemes were launched, out of which 12 schemes are open ended and 6 are close ended schemes, which have been introduced in different categories, in which a total amount of Rs 4,422 crore has been raised.

Gold ETFs in the month of January 2023 is Rs 21,835.92 crore.

Sharing views on the monthly data for January, AMFI Chief Executive NS Venkatesh said that mutual fund folios have witnessed an overall growth momentum.

The data for January 2023 shows a positive trend in equity mutual fund inflows.

Small caps have seen inflows, mainly driven by retail investors as their investments are meant for longer term return cycles.

Encouraging SIP numbers indicate the confidence retail investors have in mutual funds. 

He added that we believe the pace of SIP inflows will continue to balance FII exits in the market.

The importance of investing in equity markets for long term goals through SIP as a way to aim for wealth creation is gaining awareness.

Around 23 lakh new SIPs were registered this month, which shows the increasing faith of investors in the instrument.

SIP is the easiest way to create a disciplined habit of regular investing.


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