In May this year alone, MFs witnessed as much as 5 lakh SIP folios being added. "The monthly inflow of SIPs, which stood at Rs 1,206 crore in March 2014, increased to Rs 3,989 crore in March 2017. Gilt funds saw an outflow for the sixth month in a row at Rs 25 crore, but it slowed down in May, the report said. Gold ETFs and overseas fund of funds saw continued outflows of Rs 71 crore and Rs 33 crore, respectively. New fund offer sales stood at Rs 5,876 crore with Rs 3,719 crore from close-ended income funds, Rs 1,739 crore from close-ended equity funds, and Rs 418 crore from open-ended equity funds, concludes the report.

Source: Economic Times June 25, 2017 10:25 UTC