Mutual Fund SIPs Hit Up to Rs.25,000 Crore Inflows in November 2024
Total investment in mutual funds via SIP (Systematic Investment Plan) during November was Rs. 25,320 crore. In that case, the corpus amount is nearly equal to Rs. 25,323 crore in October. Monthly investments in mutual fund SIPs have crossed Rs.25,000 crore for the second month in a row.
SIP accounts reached an all-time high in numbers, which was 10,22,66,590 in November, and in October and September, they were 10,12,34,212 and 9,87,44,171, respectively.
The retail number of mutual fund portfolios, which includes equity, hybrid, and solution-oriented schemes, also hit the highest number, which was 17,54,84,468 in November, and in September it was 17,23,52,296.
The AUM (Equity, Hybrid, Solution-Oriented Schemes) reached Rs.39,70,220 in November, and it was Rs.39,18,611 crore in October.
New SIPs registered in November 2024 are reached at 49,46,408 in numbers. The SIP AUM amount was Rs.13.54 lakh crore in November.
The AUM was Rs. 68.04 lakh crore in November 2024, and in October the amount was Rs.68.50 lakh crore. Mutual fund portfolios stood at the highest of all time, which was 22,08,14,387 in November.
The mutual fund AUM (assets under management) recorded a marginal growth of 1% and reached Rs. 67.81 lakh crore on November 30, 2024, as compared to Rs. 66.98 lakh crore in October.
“The mutual fund industry’s assets under management in November 2024 grew to Rs.68.08 lakh crore, up from Rs.67.25 lakh crore in October 2024. AUM under open-ended equity-oriented schemes grew by 1.56% in November. In terms of folios, multi-cap funds (equity) and multi-asset allocation funds (hybrid) saw an increase of 3% in November. In terms of net flows in the equity category, thematic funds recorded the highest inflows of more than Rs.7,000 crore. The Indian mutual fund industry has experienced significant growth over the last five years,” said a Tax Professional.
He also added, “SIP inflows are consistently growing, which is a very good sign from a retail investment perspective. The ratio of Assets Under Management (AUM) of mutual funds to India’s GDP is around 18.1%, which is significantly lower than the global average. Investors should always consider appropriate asset allocation based on their risk profile and financial needs and remain patient when the markets are volatile. In the end, time spent in the market is more important than timing the market.”
