A total of 18 schemes were launched in the month of Nov 2024, all in the category of open-ended scheme, raising a total of Rs 4,052 crores
FinTech BizNews Service
Mumbai, 10 December, 2024: The Association of Mutual Funds in India (AMFI) has today released data of movements in MF sector data as of November 2024.
Mutual Fund Industry’s Net AUM stands at Rs 68,08,101.16 crores for the month of November 2024. AUM for the month of October 2024 Rs 67,25,614.61 crores, as per the Mutual Fund Industry Monthly Data for November 2024, released today by AMFI.
Highlights of AMFI Industry Monthly Data for November 2024:
Ø The AAUM for Nov 2024 is Rs 68,04,913.46 crores and for the month of Oct 2024 was Rs 68,50,321.44 crores
Ø Mutual Fund Folios are at all-time high at 22,08,14,387 in Nov 2024
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 17,54,84,468 for the month of Nov 2024 as compared to 17,23,52,296 for the month of Sept 2024.
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 39,70,220 crores for Nov 2024 as compared to an AUM of Rs 39,18,611 crores in Oct 2024.
Ø 45th month of positive equity inflows, starting from March 2021. ( 35,943.49 )
Ø Growth/Equity Oriented schemes inflows for the month of Nov is Rs 35,943.49 41,886.69 crores
Ø Number of new SIPs registered in Nov 2024 stood at 49,46,408. Oct 63,69,919
Ø The SIP AUM is at Rs 13,54,104.70 crores for the month of November 2024
Ø SIP contribution stood at Rs 25,319.66 crores in Nov 2024 as against Rs 25,322.74 crores in Oct 2024.
Ø The number of SIP accounts stood at highest ever at 10,22,66,590 in November 2024 as compared to 10,12,34,212 in Sept 2024
Ø A total of 18 schemes were launched in the month of Nov 2024, all in the category of open-ended scheme, raising a total of Rs 4,052 crores.
Venkat Chalasani, Chief Executive, AMFI, explains: “Defying a tumultuous month in the equity market, the mutual fund industry's assets reached a new pinnacle of Rs 68.08 lakh crore, driven primarily by robust inflows into growth-/equity-oriented schemes. The unwavering monthly SIP inflows remained above Rs25,000 crore in November, showcasing the investors' long-term vision and commitment to their financial goals, despite the short-term market fluctuations. The industry's ability to attract consistent SIP flows is a vote of confidence in its ability to deliver value to investors over the long term."
