SIP Contribution At All-Time High Of Rs 209.04 Bn In May 2024

Mutual Fund Industry’s Net AUM stands at Rs 58,91,160.48 crores for the month of May 2024

­­­­­­­­­­­­Venkat Chalasani, Chief Executive, AMFI,

FinTech BizNews Service 

Mumbai, June 10, 2024: The Association of Mutual Funds in India (AMFI) Mutual Fund Industry Monthly Data for May 2024 is very interesting and significant. 

Highlights AMFI Mutual Fund Industry Monthly Data for May 2024

ØMutual Fund Industry’s Net AUM stands at Rs 58,91,160.48 crores for the month of May 2024. AUM for the month of April 2024 was Rs 57,25,897.98 crores.

Ø The AAUM for May 2024 is Rs 58,59,951.39 crores and for March 2024 was Rs 57,01,358.87 crores.

Ø Number of new SIPs registered in May 2024 stood at 49,74,400

Ø The SIP AUM is highest ever at Rs 11,52,801 crores for the month of May 2024 compared to Rs 11,26,129 crores for April 2024

Ø Mutual Fund Folios are at all-time high at 18,59,68,222 in May 2024

Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 14,89,54,824 for the month of May 2024 as compared to 14,53,57,892   for the month of April 2024.

Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 33,73,427 crores for April 2024 with an Average AUM of Rs 33,62,885 crores.

Ø 39 months of positive equity inflows, starting from March 2021. Growth Equity fund inflows for the month of May is Rs 34,697.00

Ø A total of 9 schemes were launched in the month of May 2024, in the category of open-ended scheme, raising a total of Rs 10,140 crores.

Ø SIP contribution stood at an all-time high of Rs 20,904.37 crores in May 2024 as against Rs 20,371.47 crores in April 2024.

Ø The number of SIP accounts stood at highest ever at 8,75,89,485 in May 2024 as compared to 8,70,11,401 in April 2024.

­­­­­­­­­­­­Venkat Chalasani, Chief Executive, AMFI, explains: “The Mutual Fund Industry continues its upward trajectory. The Net AUM stands at Rs58.91 lakh crores in May 2024, marking significant growth of Rs 1.65 Lakh Crores over the previous month. An all-time high record of Rs20,904.37 crores in SIP contribution, a peak of 8.76 crore SIP accounts, and 39 months of positive equity inflows highlights that the industry is set for continued expansion. Systematic investment plans (SIPs) account for 19% of the net flows.

Equity mutual funds saw inflows of Rs 34,697 crore in May, the highest monthly net flows in the category on record for category, up 83% from April. The net flows in equity oriented mutual funds, took the segment past the Rs 25 lakh crore mark, to close at their record high of Rs 25.39 lakh crore in May 2024.

Political stability creates an environment conducive to sustainable economic growth, attracting investments and fostering long-term investments. Global growth is sustaining its momentum in 2024 and is likely to remain resilient, supported by rebound in global trade. The overall outlook for Indian capital markets remains positive, supported by strong fundamentals, and favourable demographics.”



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