Mutual Funds SIP: The SIP investment in India right now is buzzing like nothing else, the amount of flexibility and convenience it provides is the main reason why. It is very evident from the data that is out about the fund inflow through mutual fund SIP. The data says that the monthly mutual fund SIP crossed Rs 25,000 crore. This happened for the first time ever in October and stood at Rs 25323 crore against Rs 24,509 crore in September.
According To The Data Collected About Mutual Funds Monthly SIP Inflow
- The monthly SIP contribution in October 2023 was recorded at Rs 16,928 crore. This year, the mutual fund folios were at an all-time high of Rs 21,65,02,804 in October.
- The retail mutual fund folios, which include equity, hybrid, and solution-oriented schemes, were also recorded at an all-time high of 17,23,52,296 for October, which is higher than 16,81,61,366 for September.
- The retail AUM, which includes equity, hybrid, and solution-oriented schemes, was at Rs 39,18,611 crore, compared to Rs 40,44,098 crore in September 2024.
- The growth/equity-oriented schemes received a fund inflow of Rs 41,886.69 crore this month.
The Number Of New SIP Registrations:
- New SIPs registered in October were 63,69,919, and the SIP AUM was recorded at Rs 13,30,429.83 crore, all in this month.
- Total Number of SIP Accounts (October 2024): 10,12,34,212 (highest ever), compared to 9,87,44,171 in September.
What Is SIP?
Small saving to make a bigger pot of money, is the essence of SIP. Systematic Investment Plan (SIP) is simply investing a small and fixed amount of money regularly, every month in a mutual fund scheme of your choice.
“October 2024 has demonstrated remarkable momentum in India’s mutual fund industry. The 44th consecutive month of positive equity inflows since March 2021 underscores the deepening maturity of Indian investors. The industry’s robust growth is reflected in our achieving an all-time high AUM of Rs 67.26 lakh crore, alongside the historic rEaD milestone of retail folios crossing 17.23 ON APP crores,” said Venkat Chalasani, Chief Executive, AMFI.
“The continued surge in SIP accounts, now exceeding 10.12 crore, along with a record monthly SIP contribution of Rs 25,322.74 crore, demonstrates the growing preference for disciplined investing among Indian investors. These milestones reinforce our commitment to making mutual funds the cornerstone of wealth creation for every Indian investor, as we continue to build a more financially inclusive nation,” he added.
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