AMFI: SIP collection at record high in March 2022

According to the AMFI data released on Friday, said that at Rs37,56,682.57 crore the Net AUMs for the Indian Mutual Fund Industry reports growth, Average AUMs are at Rs37,70,295.79 crore in the month of March 2022.

Number of Folios as on March 31, 2022 has shown growth at 12,95,04,652 compared to 12,61,29,549 from Feb 28, 2022. Folios were registered at 9,78,65,529 March 31, 2021, and 12,31,01,673 as on January 31, 2022, the AMFI data said.        

Monthly SIP Contribution collected is an all-time high at Rs12,327.91 crore owing to investor faith in the SIP as an instrument and the resilience to stay invested in current market conditions. This also reflects that investor have been renewing and investing in new SIP in for the next financial year. SIP contribution for Feb 28, 2022, was Rs11,437.70 crore. 

Dec 2021 registered Rs11,305.34 crore and for January 31st, 2022, was Rs11,516.62 crore.

SIP AUM at the end of March 2022 is Rs5,76,358.30 crore whereas for February 2022 it was Rs5,49,888.76 crore. The month-on-month change is Rs26,469.54 crore. The number of SIP accounts stood all-time high in March 2022 at 5,27,72,521 crossing the Feb 2022 high of 5,17,28,726.

For Growth/Equity Oriented Schemes the Net Inflow has seen surge at Rs28,463.49 crores for the month of March 2022 compared to Rs19,705.27 crore for the month of February 2022.

23 different NFOs were launched under open ended schemes, 8 Fixed Term Plan were launched in March 2022.  Funds mobilised through the 3 categories - Income/Debt Oriented, Growth/Equity Oriented Schemes and Other Schemes is Rs13,275 crore for the month of March 2022.

Mr N S Venkatesh, Chief Executive, AMFI said: “The deteriorating geo-political situation with Russia-Ukraine war, elevated hawkish US Fed stance, or even the rising inflation owing to spurt in fuel prices has not deterred continued investor confidence in the India growth story. Flows into retail schemes in CY 2022, continue to show month on month increase, led by rising SIP contribution, which for March 2022 are at an all-time high at INR 12,328 crores, and with economy opening up due to tapering Covid prevalence in the country.”

In the last 12 months as on March 31, 2022, the Mutual Fund industry has added 1.09 crore unique investors which is also reflective of investor confidence in the mutual asset class, Mr Venkatesh said.

From a negative Rs24,906 crore flows in March 2020, two years back, when Covid-hit India enforced lockdown bringing economy to a grinding halt, to a positive Rs24,789 crore flows in March 2022, when economy has completely opened up, mutual fund investors have only consolidated on their steadily rising returns driven by disciplined SIP-driven savings approach, Mr Venkatesh said.

“On the fixed income schemes, quarter-end advance tax collections have led to flows turning negative and add to that the uncertainty in RBI stance on interest rates has turned investors cautious.”