Monthly systematic investment plan (SIP) figures in India increased by 4% to Rs 24,508.73 crore in September, up from Rs 23,547.34 crore in August, according to data from the Association of Mutual Funds in India (AMFI) released on Thursday.
The SIP contributions surpassed Rs 24,000 crore for the first time.
According to the AMFI’s monthly figures, there were 6,638,857 new SIPs registered in September. The assets under management (AUM) of SIPs hit an all-time high of Rs 13.81 lakh crore.
According to AMFI data, the overall number of SIP accounts hit a record high of 98.744 million, up from 96.136 million in August. In September, mutual fund portfolios reached an all-time high of 210,515,684, according to data.
Meanwhile, inflows into equity plans fell 10% to Rs 34,419 crore in September. Inflows into small-cap plans were Rs 3,070 crore, compared to Rs 3,209 crore in August.
Mutual fund assets under management increased by a record 12.3 percent between July and September, reaching Rs 66.2 lakh billion. This is the highest quarterly growth in mutual fund assets in the country during the last five years. The average AUM during the April-June period in 2024 was Rs 59 lakh crore.
According to AMFI data, debt funds received a record investment of Rs 1.6 lakh crore between July and August.
Meanwhile, small-city investors in equities have surged dramatically in recent months. The number of new investor folios coming from smaller cities is increasing on a monthly basis. According to industry insiders, the mutual fund industry is poised to surpass 50 million unique investors this year. The growth is likely to be driven by continued equities market strength and an increase in new fund offerings (NFOs). The number of investors may reach 100 million by 2030, with a total AUM of Rs 100 lakh crore.
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