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Mutual Fund Funds: Amidst the ups and downs in the stock market, the trend of investors has increased rapidly towards mutual funds. During January 2023, the total inflow in equity oriented MF schemes both open and closed in January has increased by 71 per cent to Rs 12,472 crore. According to the data released by the Association of Mutual Funds in India (AMFI), investment inflow in mutual funds has been positive since March 2021.
There has also been good investment in small cap and multi cap funds. At the same time, the monthly SIP has also increased and it has increased by 2.1 percent month-on-month. In January, an investment of Rs 13,856 crore has been made through SIP. At the same time, SPI contribution has increased by 20.3 percent since January last year.
Increase in the number of SIP accounts
On the other hand, the number of accounts under SIP has increased by 23 percent and 6.22 crore accounts have been opened. AMFI executive NS Venkatesh said that the increase in SPI numbers shows the confidence of retail investors in mutual funds. He said that we believe that the boom in SIP will continue.
Tremendous inflow in equity funds
Equity saw an inflow of Rs 2,256 crore in small cap funds, Rs 1,902 crore in large and mid cap funds and Rs 1,773 crore in multi cap funds. At the same time, maximum inflow has been seen in smallcap funds.
Outflow in Debt MF Schemes
On the other hand, debt mutual fund schemes saw an outflow of Rs 9,733 crore, which is much lower than the outflow of Rs 20,732 crore in December. There has been a net outflow of Rs 5,042 crore from liquid funds, Rs 3,859 crore from short duration funds and Rs 3,688 crore from overnight funds.
Why did investors exit these funds?
In contrast to the outflow in debt, money market funds received Rs 6,460 crore and ultra-short duration funds Rs 1,765 crore in January. Net outflows from corporate bond funds, medium duration funds, and medium to long duration funds in debt fund category have resulted in investor exit due to rise in interest rates.
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