Latest news with #SIP
Time of India
2 hours ago
- Business
- Time of India
MFs trump global woes, SIPs hit new high in July
Representative image MUMBAI: Investors ignored a volatile stock market in July and doubled down with their investments in mutual funds during the month - mostly through equity schemes - surpassing several records. Monthly gross flows through the SIP route, monthly net equity flows and total assets managed by the fund industry, all recorded new peaks in July. At the end of July, gross SIP flows crossed the Rs 28K crore mark for the first time to Rs 28,464 crore, monthly equity flows crossed the Rs 42K crore mark to Rs 42,702 crore while the industry AUM crossed the Rs 75-lakh-crore mark to settle at nearly Rs 75.4 lakh crore, data released by industry body Amfi showed. Total industry assets scaled a new high despite pressures from a strong dollar and persistent foreign fund outflows. "This is a testament to sustained investor confidence and disciplined participation," Amfi chief Venkat N Chalasani said. Equity funds recorded their highest-ever monthly inflows and domestic funds maintained strong support to the market, he said. And SIP contributions hitting a new record high with the contributing SIP accounts growing 5.4% to 9.1 crore, were clear evidence of disciplined investing even amid volatility, he said. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AI now helps people speak languages fast Talkpal AI Undo by Taboola by Taboola This was the 53rd consecutive month of net inflows through equity mutual funds. According to Aditya Birla Sun Life MF's MD & CEO A Balasubramanian, the record inflow into equities and all-time high SIP contribution reflect the deep commitment and trust shown by the investors in mutual funds. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Mint
7 hours ago
- Business
- Mint
Market correction brings record high equity MF inflows in July; up 81% from June
Net inflows into equity mutual funds surged sharply in July, driven by a gush of money into new fund offers (NFOs) and a market correction, which prompted investors to step up allocations. According to data from the Association of Mutual Funds of India (Amfi), net equity inflows hit a record high of ₹ 42,672 crore in July, up 81% month-on-month. Of this, equity NFOs accounted for about ₹ 9,000 crore and continuing SIPs contributed roughly ₹ 25,000 crore, while fresh inflows into existing schemes were around ₹ 8000 crore, said Viraj Gandhi, chief executive officer (CEO) of SAMCO Mutual Fund. He said nearly ₹ 7,400 crore of the ₹ 9,000 crore inflows into NFOs went into thematic funds. 'Large Asset Management Companies (AMCs) already have most traditional categories covered, so their new launches will tend to be thematic, explaining the surge in investor interest,' Gandhi added. The Nifty 50 index fell 2.93% in July, while Sensex fell 2.9%. The Nifty Smallcap index and Nifty Midcap index fell 3.9% and 3.6%, respectively. 'The market has not done much in the last one month and yet we are seeing record inflows, which means investors are looking ahead and building positions for the next move,' said Gandhi. 'When uncertainties are less, confidence starts to move up, with investors looking at the longer term to take advantage of a correction,' said Akhil Chaturvedi, executive director and chief business officer at Motilal Oswal Asset Management Co. Within equity schemes, sectoral and thematic funds saw the highest net inflows of ₹ 9,426 crore in July. This was followed by flexicap funds that saw inflows of ₹ 7,654 crore. Net inflows into thematic funds were the highest since December last year, when it was at ₹ 15,332 crore. Inflows into smallcap funds rose 61% sequentially to ₹ 6,864 crore in July, while net inflows into midcap funds increased 38% to ₹ 5,182 crore. Inflows into smallcap and midcap mutual funds is likely to continue, said Juzer Gabajiwala, director at Ventura. 'Over the past five years, the market capitalization of smallcap companies has risen significantly and Indian investors, now more informed, have noticed that smallcaps and midcaps have fallen more sharply than largecaps, and this correction has brought valuations closer to reasonable levels, prompting more investors to bet on them,' he added. India's total systematic investment plan (SIP) contributions increased to a record ₹ 28,464 crore in July, witnessing a 2.5% increase sequentially. The number of new SIP accounts opened during July were 6.8 million and the matured accounts during the month were at 4.3 million, as per Amfi data. The total number of SIP accounts were at 94.4 million, indicating a net growth of 2.5 million SIPs during July, said Venkat Chalasani, CEO of Amfi. Flows into equity mutual funds will hinge on market movements, said Chirag Mehta, chief investment officer (CIO) at Quantum Mutual Fund. 'With markets remaining largely range-bound for a year, volatility and economic uncertainty could weigh on sentiment, but continued gains may keep inflows steady,' Mehta said. 'When uncertainties are less, confidence starts to move up, with investors looking at the longer term to take advantage of a correction,' said Akhil Chaturvedi, executive director and chief business officer at Motilal Oswal Asset Management Company.
News18
7 hours ago
- Business
- News18
Invest Rs 7,000 Monthly, Retire With Rs 1 Crore. Here's How
Last Updated: If an investor commits Rs 7,000 every month to a SIP and earns an assumed annual return of 12%, he could amass Rs 1 crore in about 22 years Planning for a secure financial future often comes down to discipline and smart use of compounding. Financial experts say that a small but consistent investment can grow into a substantial corpus if given enough time, and a Rs 7,000 monthly Systematic Investment Plan (SIP) in equity mutual funds is a clear example. If an investor commits Rs 7,000 every month to a SIP and earns an assumed annual return of 12%, a figure based on historical performance of equity mutual funds, they could amass Rs 1 crore in about 22 years. The Numbers Behind Rs 1 Crore The secret lies in compounding, often described as 'interest on interest". As your returns begin generating their own returns, growth accelerates, particularly over longer investment horizons. Starting early amplifies this effect. For instance, beginning at 25 could get you to Rs 1 crore by age 47, while starting at 35 would push the milestone to age 57. While these projections are encouraging, market volatility means actual results may vary. Financial planners recommend diversifying investments across asset classes and reviewing portfolios periodically to stay aligned with evolving goals and market conditions. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
7 hours ago
- Business
- Mint
Equity MF inflow hit record high of ₹42,702 cr in July; industrys AUM crosses ₹75 lakh cr
New Delhi, Equity-oriented mutual funds garnered a net inflow of ₹ 42,702 crore in July, making it the highest-ever monthly tally for the segment, propelled by contributions from thematic and flexi cap funds, despite heightened market volatility plagued by tariff war with the US. This was a sharp 81 per cent surge from ₹ 23,587 crore inflow registered in June, suggesting a clear resurgence in domestic risk appetite. Also, the latest fund infusion by investors marks the 53rd consecutive month of net inflows into the segment. Additionally, a healthy growth was witnessed in SIP inflow at ₹ 28,464 crore during the month under review, an increase from ₹ 27,269 crore in June, data released by the Association of Mutual Funds in India showed on Monday. "Despite uncertainties due to tariff war, India's growth story remains intact which is evident in strong inflow in equities backed by benign inflation, improved liquidity, improved savings," Venkat N Chalasani, CEO of Amfi, told PTI. Himanshu Srivastava, Principal, Manager Research at Morningstar Investment Research India, believes that intermittent market corrections during the month on the back of tariff war with the US, as well as ongoing geopolitical tension, which offered investors attractive entry points. Among equity-oriented mutual fund categories, Sectoral or Thematic funds topped the charts with a net inflow of ₹ 9,426 crore, fuelled by the launch of seven new schemes that collectively garnered ₹ 7,404 crore. This was followed by Flexi-Cap funds which attracted ₹ 7,654 crore, supported by their versatile mandate to capture opportunities across market capitalisations, which continues to resonate with investors. In addition, Small Cap Funds and Mid Cap Funds , Large & Mid Cap Fund registered robust inflows. Besides, Large Cap Funds saw net inflows of ₹ 2,125 crore. Barring equity-linked saving schemes , which saw net outflows of ₹ 368 crore, all other equity categories reported inflows. "Strong corporate earnings, a steady macroeconomic backdrop, and expectations of a gradual monetary easing cycle kept investors engaged, particularly in growth-oriented categories such as flexi, mid, and small caps," Srivastava said. Overall, the mutual fund industry experienced an infusion of ₹ 1.8 lakh crore in July, higher than ₹ 49,000 crore in June and ₹ 29,000 crore in May. This was driven by robust participation across categories, especially in debt, followed by equity. The strong inflow has lifted the industry's assets under management to surpass ₹ 75 lakh crore for the first time. The asset base rose by 1.3 per cent to ₹ 75.36 lakh crore as of July from ₹ 74.4 lakh crore at the end of June despite pressures from strong US Dollar and persistent foreign fund outflows, Amfi's Chalasani said. Debt funds have staged a strong comeback, with ₹ 1.06 lakh crore inflows, led by low-duration and money market funds, alongside steady inflows in liquid and overnight funds. This came following a net outflow of ₹ 1,711 crore in June. In addition, Gold ETFs witnessed a net inflow of ₹ 1,256 crore in July, moderating from the robust ₹ 2,081 crore seen in the preceding month but still marking the third consecutive month of positive flows. "The sustained demand reflects gold's continued appeal as a portfolio diversifier amid lingering macro uncertainties, including volatile global interest rate expectations and geopolitical risks," Nehal Meshram, Senior Analyst - Manager Research at Morningstar Investment Research India, said.
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Business Standard
9 hours ago
- Business
- Business Standard
Equity MF inflows hit record ₹42,702 crore; AUM crosses ₹75 trillion
Net inflows into equity mutual fund (MF) schemes scaled a record high in July as the market correction and a slew of new fund offerings (NFOs) boosted lumpsum collections. Active equity schemes garnered a net Rs 42,702 crore in July, surpassing the previous high of Rs 41,156 crore in December 2024. Systematic investment plan (SIP) inflows continued to scale new peaks, rising over 4 per cent month-on-month (MoM) to Rs 28,464 crore. 'Equity MFs recorded their highest-ever monthly inflow of Rs 42,702 crore. SIP contributions hit a new record of Rs 28,464 crore, and contributing accounts grew 5.4 per cent to 91.1 million — clear evidence of disciplined investing even amid volatility,' said Venkat N Chalasani, chief executive, Association of Mutual Funds in India (Amfi). After the December high, equity funds witnessed declines for five consecutive months amid rising market uncertainty. Net inflows, which picked up for the first time in June, stood at just Rs 23,587 crore last month. The strong inflows across scheme segments pushed the total industry assets past Rs 75 trillion for the first time. Assets under management (AUM) rose 1.3 per cent MoM to Rs 75.4 trillion, according to Amfi data. 'With the AUM going past Rs 75 trillion, we are on the right track towards achieving the Rs 100 trillion goal as an industry. In a heightened period of uncertainty, this is a testament to the resilience and maturity of our markets and investors alike,' said A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life AMC. Investors poured in a net Rs 1 trillion into debt funds and nearly Rs 21,000 crore into hybrid schemes. Passive funds attracted Rs 8,259 crore. NFO collections surged over 15-fold MoM in July to Rs 30,416 crore, supporting inflows across categories. Debt schemes alone garnered Rs 19,000 crore through NFOs. Equity schemes recorded NFO collections of nearly Rs 9,000 crore, with most of the money going into seven sectoral and thematic funds. Inflows into existing schemes also grew during the month. Experts attributed the surge in inflows — particularly in the sectoral and small-cap categories — to investors seeking higher returns. 'With equity inflows accelerating — especially into small-, mid-, and sectoral/thematic funds — investors are clearly seeking higher-return, growth-aligned segments despite volatility risks. The spike in equity inflows could also be fuelled by tactical responses to macro triggers, such as dips due to trade tensions or subdued earnings outlooks. Sustaining this level of interest may depend on whether markets continue to display similar favourable sentiment,' said Ankur Punj, managing director and national head, Equirus Wealth. The domestic equity markets faced turbulence in July, breaking a four-month winning streak. Both the Nifty and the Sensex ended July down about 3 per cent. The broader Nifty Smallcap 100 and Nifty Midcap 100 indices fell 6.7 per cent and 4 per cent, respectively. During the preceding four months, both indices had risen over 20 per cent each.
