Net SIP inflow data is not comparable with gross figures, says Amfi

The clarification came following media reports of stagnant net inflows even as gross SIP inflows continue to rise

The net systematic investment plan (SIP) inflow data is not comparable with the gross SIP inflow figures, the Association of Mutual Funds in India (Amfi) clarified on Friday in response to media reports on stagnant net inflows. While the gross SIP inflows are the total inflows accumulated by mutual funds from SIP investors during a month, the net SIP inflows are adjusted for the redemptions from SIP accounts during the month.

In a media call, Venkat Chalasani, Chief Executive Amfi, said that since the redeemed units were accumulated over several months or years, the net SIP inflows are not comparable with the gross inflows, which show the total SIP investments only of that particular month.

 

The clarification came following media reports of stagnant net inflows even as gross SIP inflows continue to increase. In July, the gross SIP inflow was Rs 23,332 crore, while the net SIP inflow stood at Rs 8,964 crore.

On an aggregate basis (including both SIP and lumpsum), equity mutual fund schemes raked in a gross sum of Rs 81,158 crore in July. After adjusting for Rs 44,045 crore redemptions, the net inflows stood at Rs 37,113 crore.