The average assets under management for the domestic mutual fund (MF) industry grew 19.5 per cent from Rs 32.1 trillion in March 2021 quarter to Rs 38.4 trillion during the March 2022 quarter. Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.
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.