Mutual Fund Industry March 2023 Net AUM at Rs 39,42,031 cr: AMFI

During the period retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 20,34,533 crores with an Average AUM of Rs 20,45,632 crores.

The number of retail scheme folios (Equity + Hybrid + Solution Oriented Schemes) were 11,64,81,361, as per the AMFI data.

SIP contribution stood at Rs 14,276.06 crores while Mutual Fund Folios reached an all-time high of 14,57,30,600 with Retail MF Folios also at an all-time high.

Commenting on the March data, AMFI Chief Executive NS Venkatesh said India and its growing investor base, continue to put faith in the equity markets via the mutual funds route.

Equity oriented Mutual Funds registered a net inflow of over Rs 200,000 crores in FY2022-23 while SIP inflows continue to soar, breaking the record on a month-on-month basis – it would not be overkill to say that the retail investor is the hero of the markets, he noted.

“The spike in investors witnessed in the post pandemic period, despite the volatility due to global geo-political reasons and inflation, is also a cue to resilient investor behaviour.”

During the March period, the number of SIP accounts stood at 6,35,99,116 for March 2023 compared to 6,28,26,035 in February 2023.

The SIP AUM was Rs 6,83,296.24 crores for March 2023, compared to Rs 6,74,414.92 crores in February.

The net inflow of Rs 20,190 crores in Equity oriented funds in March 2023.

As per the March figures, the number of new SIPs registered in March 2023 were 21,65,516.

B 30 city’s SIP AUM in Growth and Equity oriented schemes witnessed an increase of Rs 1,98,598.54 crores in March 2023 from Rs 1,95,992.12 crores in February 2023.

During the period under review, a total of 43 schemes were launched, including 22 open-ended and 21 close-ended schemes, raising a total of Rs 8,496 crores.

The data revealed that SIP accounts saw a phenomenal jump in covid year of March 2021-22.

Addressing the clutch of questions around debt funds, Venkatesh added: “Investors should look at debt funds beyond tax efficiency, these funds also provide investors with real-time liquidity enabling the investor to withdraw money within a day. In the long term the debt fund offers the benefit of interest rate movements. Investors must look at a balanced portfolio with debt funds in their kitty.”