The SIP AUM is highest ever at Rs11,26,128.67 crores for the month of April 2024 compared to Rs10,71,665.63 crores for March 2024
FinTech BizNews Service
Mumbai, May 9, 2024: Association of Mutual Funds in India (AMFI) has today released Mutual Fund Industry Monthly Data for April 2024.
Mutual Fund Industry’s Net AUM stands at Rs 57,25,897.98 crores for the month of
April 2024. AUM for the month of March 2024 was Rs 53,40,194.64 crores.
The AAUM for April 2024 is Rs 57,01,358.87 crores and for March 2024 was Rs
55,00,727.56 crores.
Number of new SIPs registered in April 2024 stood at 63,64,907.
The SIP AUM is highest ever at Rs 11,26,128.67 crores for the month of April 2024
compared to Rs 10,71,665.63 crores for March 2024
Mutual Fund Folios are at all-time high at 18,14,68,286 in April 2024
Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time
high at 14,53,57,892 for the month of April 2024 as compared to 14,24,42,823 for
the month of March 2024.
Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 32,82,225
crores for April 2024 with an Average AUM of Rs 32,48,053 crores.
38 months of positive equity inflows, starting from March 2021
A total of 9 schemes were launched in the month of April 2024, in the category of
open-ended scheme, raising a total of Rs 1,532 crores.
SIP contribution stood at an all-time high of Rs 20,371.47 crores in April 2024 as
against Rs 19,270.96 crores in March 2024.
The number of SIP accounts stood at highest ever at 8,70,11,401 in April 2024 as
compared to 8,39,71,299 in March 2024
93% of MF accounts have KYC Validated or KYC Registered status; only 3%
accounts have ‘ KYC Hold’ status.
Speaking on March 2024 monthly data, Mr. Venkat Chalasani, Chief Executive, AMFI said:
“The Mutual Fund Industry surged to new levels, with Net AUM reaching Rs57.26 lakh crores
and SIP accounts touching 8.70 crores. A historic SIP contribution of Rs20,371.47 crores
taking SIP AUM to Rs11.26 lakh crores with 63.65 lakh new SIP registrations showcases
investor confidence.
With regards to the KYC norms applicable w.e.f April 2024, the mutual fund industry is
addressing concerns for a smooth process. Together with AMCs, distributors and other
stake holders, we are committed to facilitating a seamless KYC validation process for all,
thereby ensuring the integrity and accessibility of mutual fund investments across the
board."
