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Investment in Systematic Investment Plans (SIPs) soared to an all-time high of Rs 12,693.45 crore in August this year. This is the fourth consecutive month this year that SIP investments have crossed Rs 12,000 crore. At the same time, in the midst of a volatile environment in the domestic stock market, an investment of Rs 6,120 crore came in equity mutual funds during this period, which is the lowest in the last 10 months since October 2021.
5,215 crore was invested during that time. According to data released on Friday by the Association of Mutual Funds in India (Amfi), SIP investments in August saw a growth of 28 per cent year-on-year and 4.56 per cent on a monthly basis.
During this period, the assets under management (AUM) of mutual fund SIPs rose to an all-time high of Rs 6.39 lakh crore. The number of SIP accounts also touched a record high of over 5.71 crores as against 5.61 crores in July. 21.13 lakh new SIP accounts were registered during this period.
- Amfi figures… SIP investment for the fourth consecutive month is more than 12 thousand crores
- AUM reaches an all-time high of 6.39 lakh crores
12,000 crore investment for the 5th time this year
Note: Amount in thousand crore rupees
Mutual Funds: Net investment declined for the 18th consecutive month
Equity mutual funds are no longer the first choice for investors. Net investment in mutual funds declined for the 18th consecutive month in August. The net investment during this period was less than July’s 8,898 crore. This figure was Rs 18,529 crore in June and Rs 15,890 crore in May. The inflow of net investment in equity schemes is being witnessed since March, 2021. There were eight consecutive months of withdrawals in the schemes from July, 2020 to February, 2021. A total of 46,791 crores were withdrawn from these schemes during this period.
Net investment in other funds
- Net investment of Rs 49,164 crore came in debt mutual funds last month. In July, this figure was 4,930 crores. However, there was a net withdrawal of Rs 6,601 crore in Hybrid Mutual Funds and Rs 38 crore in Gold ETFs.
- Overall, the mutual fund industry saw a net investment of Rs 65,077 crore in August as compared to Rs 23,605 crore in July.
AUM at all-time high
The industry’s net AUM of mutual funds rose to an all-time high of Rs 39.33 lakh crore. In July, this figure was 37.75 lakh crores.
Passenger vehicle sales up 21% on festive demand
Passenger vehicle wholesales rose 21 per cent year-on-year to 2,81,210 units in August, driven by improved semiconductor supply and festive demand. A total of 2,32,224 passenger vehicles were sold in August, 2021. According to data from the Society of Indian Automobile Manufacturers (SIAM), sales across all categories of vehicles grew by 18% to 18,77,072 units during the same period. Car wholesale sales increased by 23 per cent to 1,33,477 units.
Surge in two wheeler and three wheeler sales
According to the data, two-wheeler sales grew 16 per cent to 15,57,429 units in August. A total of 10,16,794 motorcycles were sold during this period, which is 23 per cent more than in August last year. Scooter sales also increased by 10 per cent to 5,04,146 units. Three-wheeler sales jumped 63 per cent to 38,369 units.
demand is expected to increase
The demand for vehicles is expected to increase in the good monsoon and festive season. The supply side challenges are closely watched. -Rajesh Menon, Director General, SIAM