For the first time ever, monthly inflows into mutual funds via the SIP method surpassed Rs 20,000 crore in April, indicating a maturity among investors hoping to build wealth through long-term stock market investments. The total amount of money handled by the mutual fund sector hit a record high by the end of April, coming in at Rs 57.3 lakh crore, an increase of about Rs 4 lakh crore from the previous month.
According to Amfi, the fund industry trade group, the Systematic Investment Plan (SIP) inflows into the mutual fund sector in India saw a notable uptick in April, with total flows exceeding Rs 20,371 crore. This represents a significant increase above the Rs19,271 crore number from the previous month, indicating rising investor trust in mutual funds.The CEO of Amfi, Venkat Chalasani, emphasized that this increase confirms investors' faith in mutual funds as a dependable source of investments.
This milestone, according to A Balasubramanian, MD & CEO of Aditya Birla Sun Life MF, shows that investors are increasingly accepting mutual funds as a means of generating long-term wealth, especially when they are purchased through the SIProute. The information shows a larger trend of people realizing that mutual funds are a good way to invest their resources and build wealth over time.
In April, the mutual fund industry in India witnessed a significant surge in Systematic Investment Plan (SIP) inflows, with gross flows reaching Rs 20,371 crore, as reported by Amfi, the fund industry trade body. This marks a notable increase from the previous month's figure of Rs 19,271 crore, signaling growing investor confidence in mutual funds. Venkat Chalasani, CEO of Amfi, highlighted that this uptick underscores investors' trust in mutual funds as a reliable investment avenue.
A Balasubramanian, MD & CEO of Aditya Birla Sun Life MF, noted that this milestone indicates a heightened acceptance of mutual funds among investors, particularly through the SIP route, for long-term wealth creation. The data reflects a broader trend of individuals recognizing mutual funds as an effective means to invest their savings and generate wealth over time.
