January SIP contributions cross 18,000-crore mark
Financial Express Mumbai|February 09, 2024
NET INFLOWS INTO open ended equity mutual funds (MFs) saw a 28% jump in January over December, data from the Association of Mutual Funds in India (AMFI) showed on Thursday.

In another feather in the cap for the industry, SIP (systematic investment plan) contributions crossed the 18,000-crore mark for the first time to scale an all-time high of ₹18,838.33 crore.

Equity funds saw net inflows of 21,781 crore in January, up from the ₹16,997 crore in December. This was powered by a strong 3,256.98 crore net inflows into small-cap funds, 4,804.69 crore into sectoral/thematic funds, and 3,038.67 crore in multi-cap funds.

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