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Mutual fund industry AUM up 5.7 per cent in 2022: AMFI

Jan 10, 2023

By: BlinkX Research Team

According to the data released from the Association of Mutual Fund Industry (Amfi) showed on Tuesday, mutual fund industry added Rs 2.2 lakh crore to its asset base in 2022 led by consistent monthly increase in SIP (Systematic Investment Plan) flows.  

The Assets Under Management (AUM) of the mutual fund industry jumped by 5.7% or Rs 2.2 lakh crore to a total Rs 39.88 lakh crore in 2022, as per AMFI data. The inflow in mutual fund SIPs in December was Rs 7,303.39 crore, registering a positive growth in equity-oriented mutual funds for the 22nd month consecutive month, it said.

In addition, the number of SIP accounts for the month of December 2022 stood at 6,12,42,531 and it is up by 7,85,102 from the month of November which was at 6,04,57,429 accounts. New SIP registered for the month of December 2022 were 23,24,070.

AMFI CEO N.S. Venkatesh said, “The importance of investing in equity markets for the longer term goals is not lost on investors and the same is reflected in the ever-increasing awareness and adoption of SIP as a goal-linked route to create wealth over the long term. This month almost 24 lac new SIPs were registered, which shows increasing investor belief in the instrument. SIPs are the simplest route to build a disciplined habit of regular investing.” 

“The debt scheme outflows in December were due to the quarter end because that's when the corporates usually take out their money to pay tax,” Venkatesh added. 

In the fixed income or debt space, liquid mutual funds saw the biggest outflow at Rs 13,852 crore, followed by floater funds with a net outflow of Rs 2,239.78 core. Overall, the cumulative outflow in the fixed income or debt space was Rs 21,946.73 crore, it added. 

Index funds too saw an uptick in investments in December, with a net inflow of Rs 6,736.52 crore. In November 2022, the inflows in index funds stood at Rs 8,601 crore. Overall, the inflows into index funds decreased on a month-to-month basis. 

In 2022, the total net flows into all mutual funds stood at Rs 71,443 crore, with positive inflows into equity schemes (Rs 1.61 lakh crore), index funds and ETFs (Rs 1.65 lakh crore) and negative inflows into debt schemes (Rs 2.5 lakh crore). 

Equity schemes have got inflow to the tune of Rs 1.61 lakh crore last year as against Rs 96,700 crore in 2021. In December, equity schemes saw a net inflow of Rs 7,303 crore, much higher than Rs 2,258 crore in the preceding month.