Mutual fund monthly SIP is Rs 23,000 crore or Rs 9,000 crore? AMFI CEO clarifies

AMFI CEO Venkat Chalasani clarified that gross and net SIP inflows should not be directly compared. Gross inflows represent small investments, while redemptions reflect bulk withdrawals over time. July saw a rise in SIP inflows to Rs 23,332 crore and 72.6 lakh new SIP registrations.