Mutual Fund Industry’s Net AUM stands at Rs61,15,581.92 crores for the month of June 2024.
FinTech BizNews Service
Mumbai, July 9, 2024: The Association of Mutual Funds in India (AMFI) has released today the Mutual Fund Industry Monthly Data for June 2024.
Highlights for June 2024
Ø Mutual Fund Industry’s Net AUM stands at Rs 61,15,581.92 crores for the month of June 2024. AUM for the month of May 2024 was Rs 58,91,160.48 crores.
Ø The AAUM for June 2024 is Rs 61,33,226.77 crores and for the month of May 2024 was Rs 58,59,951.39 crores.
Ø Mutual Fund Folios are at all-time high at 19,10,47,118 in June 2024
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 15,32,56,488 for the month of June 2024 as compared to 14,89,54,824 for the month of May 2024.
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 36,32,226 crores for June 2024 with an Average AUM of Rs 35,69,980 crores.
Ø 40 months of positive equity inflows, starting from March 2021. Growth Equity fund inflows for the month of June is Rs 40,608.19 crores
Ø Number of new SIPs registered in June 2024 stood at 55,12,962.
Ø The SIP AUM is highest ever at Rs 12,43,791.71 crores for the month of June 2024 compared to Rs 11,52,801 crores for May 2024
Ø SIP contribution stood at an all-time high of Rs 21,262.22 crores in June 2024 as against Rs 20,904.37 crores in May 2024.
Ø The number of SIP accounts stood at highest ever at 8,98,66,962 in June 2024 as compared to 8,75,89,485 in May 2024
Ø A total of 17 schemes were launched in the month of June 2024, all in the category of open-ended scheme, raising a total of Rs 15,227 crores.
Venkat Chalasani, Chief Executive, AMFI, explains: "The mutual fund industry has demonstrated remarkable growth, becoming a cornerstone of financial stability and wealth creation for crores of investors. The industry continued to benefit from sustained flows into equity-oriented mutual funds, hybrid funds and passive funds. Equity fund inflows stood at a record high of Rs 40,608 crore, while SIP inflows touched a new high of Rs 21,262 crore.
This expansion reflects the industry’s unwavering commitment to investor education, strong distribution, and digital innovation. As we continue to adapt and evolve in a dynamic market environment, we remain dedicated to fostering financial well-being for all our stakeholders."
