The number of SIP accounts stood at the highest ever in September at 712.93 lakh, compared to 696.86 lakh in August. The mutual fund folios also reached an all-time high of 15,70,96,187 in September from 15,42,41,577 in August.
The number of new SIPs registered in September were the highest ever at 36.77, compared to 35.92 lakh in August.
The SIP AUM in September stood at Rs 8.70 lakh crore, compared to Rs 8.47 lakh crore in August.
The retail mutual fund folios which includes equity, hybrid, and solution oriented schemes also reached at an all-time high of 12,54,51,947 in September compared to 12,30,07,367 in August.
The retail mutual fund AUM which includes equity, hybrid, and solution oriented schemes stood at Rs 25,38,126 crores in September, with an average AUM of Rs 25,47,739 crores. “Mutual Fund Industry’s growth has been on an upward trend. The half yearly growth has been encouraging and we are optimistic that the trend will continue to grow. Irrespective of the global headwinds, Indian markets have shown resilience. DII’s have been strongly driving the market growth. The Mutual Fund industry crossing the 4 crore unique investors mark is a testament to Indian retail investors’ participation in equity markets through the Mutual Fund route,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).“This is further demonstrated by the SIP contribution of Rs 16,042.06 crores in September 2023 which is the highest till date and the stellar growth of 21% in overall AUM. The mutual fund industry in India maintains a positive overall outlook, supported by its commitment to investor education and safeguarding investor interests. This dedication has strengthened confidence within the investor community,” he added.
