Retail investors continued to infuse money in mutual fundS through systematic investment plans (SIPs) as the industry received Rs 7,985 crore via this route in November, a rise of 35.44% on a year-on-year basis.
However, the figure remained flat on month-on-month basis despite the volatility in the stock market, according to AMFI. SIP AUM increased to Rs 2.31 lakh crore in November from Rs 2.17 lakh crore in the previous month.
SIP folios also increased to Rs 2.52 crore in November from 2.49 crore last month. Average Assets Under Management (AAUM) of the industry for the month of November 2018 stood at Rs 24,03,134 crore, registering a growth of 5% on YoY basis and 8% on month on month basis.
Within the total AUM, the retail AUM which includes Equity, ELSS and Balanced schemes again retouched Rs 10,08,464 crore.
The total number of folios as on November 30, 2018 stood at 7.97 crore, witnessed an increase of 23% on year-on-year basis. Within that the retail segment stood at 6.71 crore, up 27% year-on-year.
However, net inflow in the month of November jumped 13% year-on-year to Rs 1.42 lakh crore.
Times Network and AMFI’s Jan Nivesh initiative crosses one million pledges
The investor education initiative Jan Nivesh, jointly conducted by Times Network and the Association of Mutual Funds in India (AMFI), has crossed the milestone of one million pledges within just five months of its commencement. The initiative was guiding the citizens to a future-ready financial path through investing in mutual funds. Jan Nivesh has been successful in spreading the message, ‘Aaj Ki Kamayi, Bhavishya Mein Kam Aayi’, through various campaigns across a multitude of platforms.
During a short span of time, covering 50 cities with more than 100 on-ground activations, Jan Nivesh experts have helped clear the doubts that people had towards mutual funds as an asset class and educated the people on investments.
The pan-India investor education initiative has covered an entire spectrum of people, including college students, first-time jobbers, singles planning to get married, newlyweds, parents, as well as entrepreneurs, enlightening them on identifying and achieving their financial aspirations through well planned investments.
Source: ET, Best Media Info, AMFI
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