How were the SIP flows into mutual funds in the previous financial year just concluded?

In a way, you can say that FY22 was the year of the retail investor; both in equities and in mutual funds. The year, for mutual funds was dominated by strong SIP flows and robust inflows into equity funds. Systematic investment plans or SIPs have become the default entry strategy for first time investors. More importantly, the SIP investors are not panicking and exiting the SIPs as the first signal of market correction. They are now persisting.

If you look at FY22 as a whole, equity funds saw inflows of Rs.1.64 trillion in contrast to net outflows of Rs.25,966 crore in FY21. In fact, Mar-22 witnessed record equity fund inflows of Rs.28,464 crore, an all time high. Total SIP flows during FY22 touched a record Rs.124,566 crore with monthly SIP flows scaling Rs.12,328 crore in Mar-22. Interestingly, the assets under management (AUM) of equity funds crossed AUM of debt funds for the first time.