MUMBAI: Boosted by strong inflows from retail investors, money into mutual fund schemes through the systematic investment plan route in Feb topped the Rs 19,000-mark for the first time while total number of SIP accounts stood at Rs 10.5 lakh crore, also a new all-time record.
At Rs 19,187 crore, gross monthly inflow was about Rs 300 crore more than the Rs 18,838 crore recorded in Jan, figures released by industry body Amfi showed.Feb also saw the total assets managed by the MF industry scale a new peak at Rs 54.5 lakh crore. The total assets that have come through the SIP route over the years also reached a new high at Rs 10.5 lakh crore, Amfi data showed. Net inflows through the equity route during the month stood at Rs 26,866 crore – the highest such figure in the last 22 months.
