MUMBAI, 10 AUGUST, 2020 (GPN):  Speaking on the July 2020 Mutual Fund Monthly data, Mr N S Venkatesh, Chief Executive, AMFI said: “Investor confidence in the markets continues to be robust, going by the rising net fresh SIP registrations and overall Mutual Fund AAUMs increasing since the advent of the pandemic. Debt Mutual Fund schemes are an attractive proposition, with benign interest rate environment leading to better yields, as also superior risk management by the Debt Fund Managers.’’

‘’The Outlook on the Mutual Fund flows for the rest of 2020-21 would continue to be encouraging, with rising digital-driven inflows, accommodative stance on interest rates by the RBI, improving macro-economic environment and pick-up in economic activity on the back of easing of lockdown,’’ Mr Venkatesh said.

Data for July 2020:
SIP Contribution: Rs. 7,830.66 crores
SIP Folio: 3,27,32,255
SIP AUM: Rs. 3,19,337.37 crores. ENDS