Mutual Fund Folios are at all-time high at 19,84,06,294 in July 2024
FinTech BizNews Service
Mumbai, August 9, 2024: Mutual Fund Industry’s Net AUM stands at Rs 64,96,653.14 crores for the month of July 2024. AUM for the month of June 2024 was Rs 61,15,581.92 crores, as per the data released today by the AMFI.
Highlights of Association of Mutual Funds in India (AMFI) Mutual Fund Industry Monthly Data for July 2024:
Ø The AAUM for July 2024 is Rs 64,70,664 crores and for the month of June 2024 was Rs 61,33,226.77 crores
Ø Mutual Fund Folios are at all-time high at 19,84,06,294 in July 2024
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 15,89,35,085 for the month of July 2024 as compared to 15,32,56,488 for the month of June 2024.
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 38,35,384 crores for July 2024 with an Average AUM of Rs 37,77,652 crores.
Ø 41 st month of positive equity inflows, starting from March 2021.
Ø Growth/Equity Oriented schemes inflows for the month of July is Rs 37,113.39 crores
Ø Number of new SIPs registered in July 2024 stood at 72,61,928
Ø The SIP AUM is highest ever at Rs13,09,385.46 crores for the month of July 2024 compared to Rs 12,43,791.71 crores for the month of June 2024
Ø SIP contribution stood at an all-time high of Rs 23,331.75 crores in July 2024 as against Rs 21,262.22 crores in June 2024.
Ø The number of SIP accounts stood at highest ever at 9,33,96,174 in July 2024 as compared to 8,98,66,962 in June 2024
Ø A total of 15 schemes were launched in the month of July 2024, all in the category of open-ended scheme, raising a total of Rs 16,565 crores.
On Budget feedback:
Ø AMFI has recommended to the authorities advocating for the continuation of grandfathering for investments in the respective categories of funds as done in the past. AMFI continues to remain hopeful for a positive outcome.
Speaking on the July 2024 monthly data release – Mr. Venkat Chalasani, Chief Executive, AMFI said, “The mutual fund industry has demonstrated positive growth with retail investors consistently embracing mutual funds as a reliable investment avenue. It’s evident that mutual funds have become an integral part of retail investors' financial strategies. SIP contributions reaching an all-time high of Rs23,331.75 crores in July 2024 reflects the growing financial discipline among retail investors, helping them build wealth systematically over time. As we continue to navigate an ever-evolving market landscape, the industry’s focus remains on empowering investors and fostering long-term financial well-being.”
