IGI Logo

Below is Quote on Mutual Fund Net Inflow by Mr. Ashish Patil, Head - Product & Strategy, LIC Mutual Fund 

FY23 belonged to passive funds and SIPs. Open ended domestic passive funds saw net inflows of Rs.1.56 lakh crore in FY23. SIP AUM also closed at Rs.6.83 lakh crore in FY23 which is 17% of overall MF industry AUM. SIP contributions to mutual fund schemes increased to Rs.1.56 lakh crore in FY23 from Rs.1.25 lakh crore in FY22, registering an increase of 25% over FY22. We also witnessed a 21% jump in the number of SIP outstanding accounts to 6.36 crore in FY23. A steady growth in SIP numbers shows the conviction of mutual fund investors in SIP. Due to rupee cost averaging, SIPs help in reducing volatility and may be seen as a disciplined way to wealth creation."

Above views are of the author and not of the website kindly read disclaimer