SIP Annual SIP inflows cross Rs 1 lakh cr for the first time
Mumbai/IBNS: For the first, the cumulative inflows from systematic investment plans have crossed Rs 1 lakh crore in a year, data from the Association of Mutual Funds in India (AMFI) shows.
While the foreign portfolio investors went on a selling spree, it was partially balanced by the domestic retail investors.
Domestic funds deployed Rs 63,439 crore in the equity market and the FPIs invested Rs 43,193 crore in the first eleven months of 2021, ET reported.
This increased the share of domestic funds to 16.8 percent in November. This is the highest since February 2020, according to NSDL data.
The previous record SIP flow in a calendar year was Rs 98,612 in 2019.
The SIP book size averaged Rs 9,337 crore in every month of calendar year 2021 while the long term average stood at Rs 7,028 crore.
In the last three months, the monthly flow remained above Rs 10,000 crore.
According to experts, the returns of SIP schemes is impressive and there aren't investment opportunities that provide better returns.
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