Nearly Rs 2.5 lakh crore has entered the Indian equity markets via mutual funds so far this year

Key Highlights: 

• Equity AUM stood at Rs 6.4 lakh crore in August 2017
• Oil & Gas, metal and defensive stocks were top performers
• SIP growth doubled in August 2017

Equity asset under management (AUM) increased for the ninth consecutive month in August and has reached a new high of Rs 6.4 lakh crore, rising 2.3% on month-on-month (MoM) and 37% on an year-on-year (YoY) basis.

9,82,000 new SIP accounts were added taking the total number of accounts to 15.9 million this year. 

Amount collected through SIP in August was Rs 5,210 crore - witnessing increase of 50% from similar month of the previous year. 

This would be highest collection made via SIP in the last two fiscals. 
Collections, which stood at Rs 3120 crore in April 2016, have now reached to Rs 4270 crore in April 2017 and now at Rs 5210 crore in August 2017.

Mutual funds’ gross inflows rose to Rs 32,500 crore - up 16% in August.  

Total net inflows of the MF industry in from January - August 2017 now stands  at Rs 2,47,800 crore - from which two thirds were contributed by equity funds and income schemes.

All categories of funds, except GILT, gold ETFs and FOF, have witnessed positive inflows.