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AUM of mutual funds crosses Rs 65 lakh crore, SIP sets a new record

by Aaryan Srivastav
September 11, 2024
म्यूचुअल फंड्स का एयूएम 65 लाख करोड़ रुपए के पार, एसआईपी ने बनाया नया रिकॉर्ड

Mumbai, Sep 10 (IANS) The assets under management (AUM) of the Indian mutual fund industry rose to Rs 65 lakh crore in August, the Association of Mutual Funds of India (Amfi) said on Tuesday.

This is the first time that the total AUM of mutual funds in the country has crossed Rs 65 lakh crore.

In August, equity funds saw an inflow of Rs 38,239 crore. This is an increase of 3.03 percent on a monthly basis. In July, the AUM of mutual funds had increased by Rs 37,113 crore.

This is the fourth consecutive month when more than Rs 34,000 crore has been invested in equity mutual funds.

Investments through Systematic Investment Plan (SIP) stood at Rs 23,547 crore in August and Rs 23,332 crore in the previous month.

According to the data, inflows into small-cap funds rose 52 per cent to Rs 3,209.33 crore in August, investment in mid-cap funds grew 86 per cent to Rs 3,054.68 crore, and inflows into large-cap funds rose 293 per cent to Rs 2,636.86 crore.

Debt mutual funds saw an inflow of Rs 45,169.36 crore during the review period.

Himanshu Srivastava, Associate Director, Morningstar Investment Research India, said that this is the 42nd consecutive month when there has been an increase in investment in equity related schemes.

The number of folios increased by 3.16 per cent to 14.3 crore in August from 13.8 crore in July.

A total of six new mutual fund schemes were launched in August and these new funds have raised a total of Rs 11,067 crore.

Apart from this, 10 passive funds have been launched last month and around Rs 884 crore has been deposited in these funds.

–IANS

ABS/ABM

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