The industry's robust growth is reflected in the historic milestone of retail folios crossing 17.23 crores
FinTech BizNews Service
Mumbai, 11 November, 2024: The Association of Mutual Funds in India (AMFI) has today released data of movements in MF sector data as of October 2024.
Highlights of the AMFI's Mutual Fund Industry Monthly Data for October 2024:
Ø Mutual Fund Industry’s Net AUM stands at Rs 67,25,614.61 crores for the month of October 2024. AUM for the month of Sept 2024 Rs 67,09,259.24 crores
Ø The AAUM for Oct 2024 is Rs68,50,321.44 crores and for the month of September 2024 was Rs 68,00,485.75 crores
Ø Mutual Fund Folios are at all-time high at 21,65,02,804 in Oct 2024
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 17,23,52,296 for the month of Oct 2024 as compared to 16,81,61,366 for the month of Sept 2024.
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 39,18,611 crores for Oct 2024 as compared to an AUM of Rs 40,44,098 crores in Sept 2024.
Ø 44th month of positive equity inflows, starting from March 2021.
Ø Growth/Equity Oriented schemes inflows for the month of Oct is Rs 41,886.69 crores
Ø Number of new SIPs registered in Oct 2024 stood at 63,69,919
Ø The SIP AUM is at Rs 13,30,429.83 crores for the month of October 2024
Ø SIP contribution stood at an all-time high of Rs 25,322.74 crores in Oct 2024 as against Rs 24,508.73 crores in Sept 2024.
Ø The number of SIP accounts stood at highest ever at 10,12,34,212 in Oct 2024 as compared to 9,87,44,171 in Sept 2024
Ø A total of 29 schemes were launched in the month of October 2024, all in the category of open-ended scheme, raising a total of Rs 6,078 crores.
Speaking on the October 2024 monthly data release, Venkat Chalasani, Chief Executive, AMFI, explains: “October 2024 has demonstrated the remarkable momentum in India's mutual fund industry. The 44th consecutive month of positive equity inflows since March 2021 underscores the deepening maturity of Indian investors. The industry's robust growth is reflected in our achieving an all-time high AUM of Rs67.26 lakh crore (Rs67.26 trillion-Tn), alongside the historic milestone of retail folios crossing 17.23 crores. The continued surge in SIP accounts, now exceeding 10.12 crores, along with a record monthly SIP contribution of Rs25,322.74 crores, demonstrates the growing preference for disciplined investing among Indian investors. These milestones reinforce our commitment to making mutual funds the cornerstone of wealth creation for every Indian investor, as we continue to build a more financially inclusive nation.”
