Mutual Fund Industry’s Net AUM stands at Rs 66,70,305.14 crores for the month of August 2024. AUM for the month of July 2024 was Rs 64,96,653.14 crores
FinTech BizNews Service
Mumbai, September 10, 2024: Mutual Fund Industry’s Net AUM stands at 66,70,305.14 crores for the month of August 2024. AUM for the month of July 2024 wasRs64,96,653.14 crores, as per the
The AAUM for August 2024 isRs66,04,057.21 crores and for the month of July 2024
wasRs64,70,664.34 crores
Mutual Fund Folios are at all-time high at 20,45,21,639 in August 2024
Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time
high at 16,35,50,846 for the month of August 2024 as compared to 15,89,35,085 for
the month of July 2024.
Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood atRs39,27,594
crores for August 2024 with an Average AUM ofRs38,65,410 crores.
42 nd month of positive equity inflows, starting from March 2021.
Growth/Equity Oriented schemes inflows for the month of August isRs38,239.16
crores
Number of new SIPs registered in August 2024 stood at 63,93,602
The SIP AUM is highest ever atRs13,38,944.73 crores for the month of August 2024
compared toRs13,09,385.46 crores for the month of July 2024
SIP contribution stood at an all-time high ofRs23,547.34 crores in August 2024 as
against Rs23,331.75 crores in July 2024.
The number of SIP accounts stood at highest ever at 9,61,36,329 in August 2024 as
compared to 9,33,96,174 in July 2024
A total of 18 schemes were launched in the month of August 2024, all in the category
of open-ended scheme, raising a total ofRs13,815 crores.
Speaking on the August 2024 monthly data release – Mr Venkat Chalasani, Chief Executive, AMFI said, “The industry assets rose to a new high, with an asset base of Rs.66.70 lakh crore at the end of August 2024. The positive inflow, along with folio count surpassing 20 crores, reflect investor confidence and a growing appreciation for mutual funds as a preferred investment avenue. The steadily increasing SIP contribution of Rs. 23,547 crores in August 2024 highlights the shifting investor sentiment towards disciplined and long-term wealth accumulation.
As mutual funds remain a key stabilizing factor for equity markets in India, 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.”
