New Record: Mutual Fund Monthly SIP Crossed Rs. 25,000 Crore
In October, mutual fund monthly SIP hit Rs. 25,000 crores for the very first time and reached Rs. 25,323 crores as compared to the increase of Rs. 24509 in month of September. A year ago, the mutual fund’s monthly SIP contribution was Rs. 16,928 crore.
| Metric | Oct-24 | Sep-24 |
| Total SIP Inflows | ₹25,323 crore | ₹24,509 crore |
| Retail Mutual Fund Folios | 17.23 crore | 16.81 crore |
| SIP AUM | ₹13,30,429.83 crore | – |
| Equity Schemes Inflow | ₹41,886.69 crore | – |
Retail Mutual Fund Folios
In October, mutual fund folios were at all-time highs of 21,65,02,804. The retail mutual fund folio, which is a unique alphanumeric code that defines an investor’s account in a mutual fund and also includes equity, hybrid, and solution-oriented schemes, also records milestones of all-time highs at 17,23,52,296 in October, and in September it was 16,81,61,366.
SIP AUM
The Retail Asset Under Management (AUM), which involves hybrid, equity, and solution-oriented schemes, was valued at Rs. 39,18,611 crore In October and in September, the AUM was valued at Rs. 40,44,098.
Inflow of Equity-Oriented Schemes
Equity-oriented schemes obtain an inflow of Rs. 41,886.69 crore in October. New registered SIPs in the month of October stood at 63,69,919.
In September, the total number of SIP accounts was 9,87,44,171, and in October, it increased by 10,12,34,212, which is the highest ever.
