Mutual fund SIP crosses ₹20,000 crore mark: It doubled in less than 2 years, mutual fund AUM ₹57.26 lakh crore

In April 2024, the monthly investment figure in mutual funds through Systematic Investment Plan or SIP has crossed ₹ 20,000 crore. According to the data released by the Association of Mutual Funds in India (AMFI), ₹ 20,371.47 crore has been invested in mutual funds through SIP in the month of April. In the same month last year, ₹13,728 crore was invested through SIP, which is 48.39% more on an annual basis. Whereas, earlier in the month of March, this figure was ₹ 19,270.96 crore, which has increased by 5.71% on monthly basis (MoM). Mutual fund AUM ₹57.26 lakh crore The contribution of SIP in mutual fund investment in September 2022 was ₹10,000 crore, which has doubled in about one and a half years. Due to this surge in SIP investments, the total asset under management (AUM) of mutual funds stood at ₹57.26 lakh crore in April 2024, which was ₹53.40 lakh crore in March 2024. Net inflow in open ended equity funds decreased by 16%. According to AMFI data, there was a decline of about 16% in open ended equity fund net inflow in April, investment of Rs 18,917 crore came in this month. Whereas a month ago in March 2024, Rs 22,633 crore was invested in open ended equity funds. Apart from this, ₹ 357.56 crore in large cap funds, ₹ 2,723.87 crore in multicap funds, ₹ 2,638.91 crore in large and midcap, ₹ 2,208.70 crore in small cap funds, ₹ 2,172.93 crore in flexi cap funds, ₹ 1,986.73 crore in contra funds, midcap There was an inflow of ₹1,793.07 crore and ₹341.35 crore in dividend yield funds. The number of mutual fund folios reached an all-time high. The number of mutual fund SIP accounts reached 8.70 crore in April 2024, which was 8.39 crore in March 2024. The number of mutual fund folios has also reached an all-time high of 18.14 crore in April. With this, the number of new SIPs in this month was 63,64,907. What is mutual fund AUM? The current market value of securities held by mutual fund houses is called Assets Under Management (AUM).

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