According to the data provided by AMFI, the mutual fund managed to garner Rs 8,095 crore through SIPs, slightly higher than the Rs 8,064 crore collected in January. Inflows into equity funds stood at Rs 5,122 crore in February. Monthly equity inflows had touched the high of Rs 20,308 crore in November 2017. Assets under management (AUM) for the MF industry stood at Rs 23.16 lakh crore as at February-end. At present, domestic MFs have about 2.29 crore active SIP accounts.
The mutual fund industry witnessed net fund outflows of Rs 20,083 crore in February. The asset under management at February end stood at Rs 23.16 lakh crore. While the balanced, liquid, income and gilt funds saw exits, SIPs continued to remain robust. SIP inflows touched an all-time high of Rs 8,095 crore and the industry added 2.5 lakh SIP accounts. ELSS also attracted investor attention to meet the tax deduction benefit ahead of the March 31 deadline.