MF Folios Are All-Time High At 19,10,47,118 In June'24

Mutual Fund Industry’s Net AUM stands at Rs61,15,581.92 crores for the month of June 2024.

Venkat Chalasani, Chief Executive, AMFI

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."


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