The trends show that investors are adopting a proactive approach to wealth building, recognizing the enduring benefits of smart and disciplined investment practices
FinTech BizNews Service
Mumbai, January 8, 2024: Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company, and Robin Arya, smallcase Manager & Founder, GoalFi, have shared insightful perspectives on the AMFI Data:
Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC: “Flows in equity & hybrid funds (excluding arbitrage) continued to remain firm in Dec 23, totaling to about Rs 21,361 crores. Excluding NFO, the net inflow in ongoing schemes also remained firm at 13,812 crores. Focused, ELSS & Large Cap category saw outflows, rest all categories saw positive flows. Risk on sentiment in markets was reflected in Small Cap and Sectoral & Thematic excluding NFO seeing strong net flows of 2630 crores and 1750 crores respectively. In Hybrid category, MAF and Equity savings funds saw notable flows.
Overall, investor sentiment remained buoyant on back of persistence of markets strength. Market and investor sentiment in the run up to the year of general elections remain positive. Large cap category looks set to regain momentum of Oct & Nov after outflows in December.”
Robin Arya, smallcase Manager & Founder, GoalFi:
“The latest AMFI Data for December 2023 paints a positive picture of India's mutual fund industry, especially in equities. The significant rise in equity mutual fund inflows to ?17,000 crore, up by 9%, shows that investors strongly believe in the potential of the stock market. This confidence comes from more people choosing to invest their savings in stocks, backed by the ongoing trend of financializing savings and a robust economy, further supported by the expected growth in High Net Worth Individual (HNI) families.
A notable highlight is the steady increase in monthly Systematic Investment Plan (SIP) flows, growing by an impressive almost 24% Year-on-Year. At the same time, SIP Assets under Management (AuM) have jumped by nearly 37% Year-on-Year. These numbers not only indicate the rising popularity of disciplined investment strategies but also establish SIPs as a preferred avenue for long-term wealth creation. In my opinion, these trends show that investors are adopting a proactive approach to wealth building, recognizing the enduring benefits of smart and disciplined investment practices as we navigate through these financial changes.”
