Highlights AMFI Mutual Fund Industry Monthly Data for September 2024
FinTech BizNews Service
Mumbai, 10 October, 2024: The Association of Mutual Funds in India (AMFI) has today released data of movements in MF sector data as of September 2024.
Mutual Fund Industry’s Net AUM stands at Rs 67,09,259.24 crores for the month of Sept 2024. AUM for the month of Aug 2024 was Rs 66,70,305.14 crores
Ø The AAUM for Sept 2024 is Rs 68,00,485.75 crores and for the month of Aug 2024 was Rs 66,04,057.21 crores
Ø Mutual Fund Folios are at all-time high at 21,05,15,684 in Sept 2024
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 16,81,61,366 for the month of Sept 2024 as compared to 16,35,50,846 for the month of Aug 2024.
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 40,44,098 crores for Sept 2024 as compared to an AUM of Rs 39,27,594 crores in August 2024.
Ø 43rd month of positive equity inflows, starting from March 2021.
Ø Growth/Equity Oriented schemes inflows for the month of Sept is Rs 34,419.26 crores
Ø Number of new SIPs registered in Sept 2024 stood at 66,38,857
Ø The SIP AUM is highest ever at Rs 13,81,703.94 crores for the month of September 2024 compared to Rs 13,38,944.73 crores for the month of Aug 2024
Ø SIP contribution stood at an all-time high of Rs 24,508.73 crores in Sept 2024 as against Rs 23,547.34 crores in Aug 2024.
Ø The number of SIP accounts stood at highest ever at 9,87,44,171 in Sept 2024 as compared to 9,61,36,329 in Aug 2024
Ø A total of 27 schemes were launched in the month of Sept 2024, all in the category of open-ended scheme, raising a total of Rs 14,575 crores.
Mr. Venkat Chalasani, Chief Executive, AMFI, explains: "September 2024 has showcased the unwavering resilience. The consistent inflow of investments reflects the increasing trust and confidence in mutual funds. The industry's continued diversification into various product categories and innovative offerings is driving growth and providing investors with a wider range of options to meet their diverse financial goals."
The industry assets rose to a new high, with an asset base of INR.67.09 lakh crore at the end of Sept 2024. Venkat adds: "The Mutual Fund industry is proud to reach milestone of 5,01,22,609 unique investors. This, along with folio count surpassing 21 crores, underscores the efforts taken by the AMCs and distributors to spread financial awareness. The ‘Mutual Funds Sahi Hai campaign’ has helped build investor confidence which is indicated by the growing appreciation for mutual funds as a preferred investment avenue. The steadily increasing SIP contribution of INR 24,508.73 crores in Sept 2024 highlights the shifting investor sentiment towards disciplined and long-term wealth accumulation."
Mutual funds remain a key stabilizing factor for capital markets in India. Venkat underlines: "Our commitment towards transparency and excellence remains resolute as we strive to deliver exceptional investment experience and adapt to the evolving needs of our investors.”
