AMFI Mutual Fund Industry Monthly Data for February 2024
FinTech BizNews Service
Mumbai, March 8, 2024: Association of Mutual Funds in India (AMFI) has today released Mutual Fund Industry Monthly Data for February 2024. Mutual Fund Industry’s Net AUM stands at Rs 54,54,214.13 crores for the month of February 2024 while for the month of January 2024 was 52,74,000.70 crores.
The AAUM for February 2024 is Rs 54,52,487.01 crores and for January 2024 Rs 52,89,007.72 crores.
Ø Number of new SIPs registered in February 2024 are 49,79,431.
Ø The SIP AUM is highest ever at Rs 10,52,566.04 crores for February 2024 compared to
Rs 10,26,996.23 crores for January 2024
Ø Mutual Fund Folios are at all-time high, registered for the month of February 2024 are 17,41,95,535
Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at 13,94,91,744 for the month of February 2024 compared to 13,56,80,462 for the month of January 2024
Ø 36 months of positive equity inflows, starting from March 2021
Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at Rs 30,70,641 crores for February 2024 with an Average AUM of Rs 30,72,840 crores
Ø A total of 22 schemes were launched in the month of February 2024, in the category of both open ended and close ended scheme, raising a total of Rs 11,720 crores.
Ø SIP contribution stood at an all-time high of Rs 19,186.58 crores in February 2024 as against
18,838.33 crores Jan
Ø The number of SIP accounts stood at highest ever 8,20,17,700 in February 2024 compared to 7,91,71,394 in January 2024
Speaking on February 2024 monthly data, Venkat Chalasani, Chief Executive, AMFI said: “As we delve into the Feb 2024 data, we observe that there is a surge in SIP accounts, totalling 8.20 crores with 49.79 lakhs new SIP registrations. This underscores investors' unwavering commitment to disciplined wealth accumulation. The industry's net AUM has also reached Rs 54,54,214.13 crores in February 2024. Mutual funds are subject to the vagaries of the markets, and it is the industry's virtue to guide and safeguard the investments in the best possible way to eventually help the investor. These trends not only showcase that investors are evolving to being financially savvy but also highlight collaborative efforts shaping a landscape where smart investment practices are valued. With widespread participation from retail investors nationwide, it's clear that the mutual fund industry is on a path of steady growth and lasting significance.”
