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Mutual Fund: Investment in mutual funds declined by 43% in July 2022 to Rs 8,898 crore

Investment In Mutual Fund: The volatility that has been seen in the stock market in the last few months is now affecting the investment in mutual funds. So rising inflation and increasing interest rates are also affecting investments. Investment in equity mutual funds declined by 42 per cent in the month of July. The investment in these funds in July stood at Rs 8,898 crore as against Rs 15,497 crore in June 2022. Association of Mutual Funds in India has released this report.

According to Amfi, the net inflow in the debt and equity segment stood at Rs 28,098.89 crore in the month of July. At the same time, the net outflow in June was Rs 69,853 crore. According to the data, the number of SIP accounts in the month of July has been Rs 5.61 crore and an investment of Rs 12,140 crore has come through SIP. Association of Mutual Funds in India (AMFI) Equity Mutual Funds have net inflows positive for 17 months. But the inflow has been decreasing for the last three months.

AMFI CEO NS Venkatesh said that due to the increasing interest of retail investors, SIP AUM is at an all-time high and has crossed Rs 6 lakh crore, which has happened for the first time. The investment coming through SIP has been more than Rs 12,000 crore.

Mutual fund companies are handling assets under management of Rs 6.09 lakh crore through SIP till the end of July. At the same time, 17.42 lakh new SIPs have been registered in the month of July. According to the data, the number of mutual fund folios has increased by 29 percent to 13.55 crores as on July 31, 2022, which used to be 10.54 crores a year ago.

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