 "Mutual Funds, SIPs, Mutual Fund investors")
Even as gross systematic investment plan (SIP) inflows continue to scale new highs, the flows on a net basis have remained subdued thus far in 2023-24 (FY24) due to a surge in redemptions, according to mutual fund (MF) industry data.
Redemptions from SIP accounts have consistently risen throughout FY24, reaching Rs 9,750 crore in July. In August, the outflows eased to Rs 8,740 crore.
As a result, the average net SIP inflows in the first five months of FY24 stood at Rs 6,170 crore, down from an average of Rs 7,000 crore in 2022-23.
Net SIP inflows are the difference
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