Mutual fund SIPs steady even as sensex slumps

D-Street Smart: Volatility drives investors from thematic schemes to hybrid funds
MUMBAI: Retail investors continued to pour money into mutual funds in Jan despite a volatile stock market. Monthly gross SIP inflows remained steady above Rs 26,000 crore in Jan, industry body Amfi's data showed. The volatile market conditions, however, prompted investors to prefer hybrid funds over thematic schemes, industry players said.

During Jan, the MF industry took in Rs 26,400 crore through the SIP route, marginally lower than Rs 26,459 crore in Dec. SIP accounts too dipped to 10.26 crore from 10.32 crore in Dec. Consequently, there was a dip in total assets under management through the SIP route: From Rs 13.6 lakh crore in Dec to Rs 13.2 lakh crore.