The number of SIP accounts hit a record high of 10,226,66,590 in November 2024, up from 101,234,212 in October and 9,874,4171 in September.
Personal mutual fund folios (equity + hybrid + solution-oriented schemes) also hit an all-time high of 17,5484,468 in November as against 17,23,52,296 in September.
Retail AUM (Equities + Hybrid + Solution Oriented Schemes) in November was Rs 3,970,220 crore, while October’s AUM was Rs 3,918,611 crore.
The number of new SIPs registered in November 2024 was 4,946,408, compared to 6,369,919 in October. SIP AUM stood at Rs 13.54 million as of November 2024.
“Despite a turbulent month in the stock market, assets in the mutual fund industry reached a new peak at Rs 6,808 crore on strong inflows mainly into growth-oriented and equity-oriented schemes. Monthly SIP inflows remained steady at over Rs 25,000 crore in November, demonstrating investors’ long-term vision and commitment to financial goals despite short-term market fluctuations. The industry’s ability to attract investors is a vote of confidence in its ability to deliver value to investors over the long term,” said Venkat Chalasani, CEO of AMFI. AAUM in November 2024 was Rs 6,804 crore. 68.5 billion in October 2024. Mutual fund folios have reached an all-time high. Assets under management (AUM) of mutual funds registered a marginal increase of 1% to Rs 67.81 million as on November 30, 2024, compared to Rs 66.98 million in October.
“Despite the festive holidays, the industry posted encouraging net inflows in November. SIP flows were supported by bulk purchases on certain volatile market days, with overall net flows exceeding Rs 30,000 crore. This also reflects investor sentiment towards mutual funds and its benefits as an efficient vehicle for long-term wealth creation.” Kotak Mahindra AMC Sales, Marketing, Digital said Manish Mehta, National Head of Business.
“Assets under management in mutual fund industry in November 2024 increased to Rs 68.08 lakh crore from Rs 67.25 lakh crore in October 2024. Assets under management under open-end equity oriented schemes increased by 1.56% in November.” Folio As for multi-cap funds (equities) and multi-asset allocation funds (hybrid), they increased by 3% in November. In terms of net inflows in the equity category, thematic funds recorded the highest inflows of over Rs 7,000 crore. The Indian mutual fund industry has witnessed significant growth over the last five years,” said Hitesh Thakkar, Acting CEO, ITI Mutual Funds.
“SIP The inflows have been consistently increasing, which is a very good sign from a retail investment perspective.The share of assets under management (AUM) of mutual funds in India’s GDP is around 18.1%, which is the global average. At the end of the day, investors should always consider appropriate asset allocation based on their risk profile and financial needs, and be patient even when markets are volatile. is more important than market timing,” he added.
