Mutual Fund SIP Hit Record Rs. 26000 Crore Inflow for the First Time
A mutual fund SIP (Systematic Investment Plan) is a simple way to invest in mutual funds by contributing a fixed amount of money regularly, like every month, to grow your investment over time. In December, the monthly mutual fund SIP exceeded Rs. 26000 crore for the first time, achieving Rs. 26,459 crore. In November it was Rs. 25,320.
The total number of mutual fund accounts reached a record high of 22,50,03,545 by December 2024. And retail fund folios, such as equity and hybrid. solution-oriented schemes, also reached an all-time high of 17,89,93,911 last month in December.
The retail Asset Under Management (AUM) equity, hybrid, solution-oriented schemes were at Rs. 39,91,313 crore in December 2024, which was Rs. 39,70,220 in November 2024.
In December 2024, the number of new SIPs recorded was 54,27,201, in November it was 49,46,408. The SIP AUM was Rs. 13.54 lakh crore in November, and it increased in December to reach Rs. 13.63 lakh crore.
The number of SIP accounts hit a record high of 10,32,02,796 in December 2024, up from 10,22,66,590 in November 2024. December 2024 AUM was Rs. 69,32,959.05 crore, in November the AUM was Rs. 68,04,913 crore.
The mutual fund industry saw a net outflow of Rs. 80,509 crore in December 2024, with debt mutual funds experiencing the highest outflow of Rs. 1.27 lakh crore. On the other hand, investments in equity mutual funds increased by 15% compared to the previous month, reaching Rs. 41,155 crore.
Out of the 11 sub-categories, sectoral and thematic funds continued to attract the most interest from investors, with the highest inflows of Rs 15,331 crore. Mid-cap funds recorded an inflow of Rs. 5,093 crore and small-cap received an inflow of Rs. 4667 crore in December.
Out of the 16 sub-categories, liquid funds had the largest outflow in December, with Rs. 66,532 crore, followed by money market funds, which saw an outflow of Rs. 25,842 crore.
Hybrid mutual fund inflow increased by 6% compared to the previous month, reaching Rs. 4,369 crore in December and in November it was Rs. 4,123 crore. Out of the six sub-categories, all saw inflow except for the conservative hybrid fund and arbitrage fund.
Other schemes, such as index funds and ETFs, experienced a fall in inflows of 89%, reducing to Rs. 784 crore in December and Rs. 7,061 crore in November.
AUM reduced by 2% to Rs 66.66 lakh crore in December, as compared to Rs 67.81 lakh crore in November.
34 mutual fund NFOs were launched in the market, collectively raising Rs 13,852 crore in December. Of these, 33 open-ended NFOs raised Rs 13,643 crore, while one close-ended NFO raised Rs 209 crore.
