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In October, SIP inflows crossed ₹25,000 crore for the first time, reaching ₹25,323 crore. Retail mutual fund folios rose to an all-time high of 17.23 crore. The SIP share price increase reflects rising investor interest in mutual funds.
In a historic milestone, monthly SIP inflows in mutual funds reached ₹25,323 crore in October, marking an increase from ₹24,509 crore in September. This significant growth underscores the increasing popularity of systematic investment plans (SIPs) among retail investors in India.
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Record Inflows: October SIP inflows reached ₹25,323 crore.
Year-on-Year Growth: Up from ₹16,928 crore in October 2023.
Retail Folios: New high at 17.23 crore for October.
SIP AUM: ₹13,30,429.83 crore recorded in October.
SIP Share Price Movement: Reflects strong investor interest in the equity market.
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October saw the total mutual fund folios climb to an unprecedented 21.65 crore, with retail mutual fund folios alone reaching 17.23 crore. This is a sharp rise from the 16.81 crore recorded in September, illustrating a growing retail investor base. In terms of retail assets under management (AUM), equity, hybrid, and solution-oriented schemes reported ₹39.18 lakh crore in October, slightly lower than the ₹40.44 lakh crore in September.
Metric | October 2024 | September 2024 |
Total SIP Inflows | ₹25,323 crore | ₹24,509 crore |
Retail Mutual Fund Folios | 17.23 crore | 16.81 crore |
SIP AUM | ₹13,30,429.83 crore | - |
Growth/Equity Schemes Inflow | ₹41,886.69 crore | - |
October registered 63.69 lakh new SIPs, a testament to the growing interest in SIP investments. The growth/equity-oriented schemes alone saw an inflow of ₹41,886.69 crore, contributing significantly to the overall rise in mutual fund inflows. This trend aligns with investor confidence in equities as a means of building long-term wealth.
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The record-breaking SIP inflows and retail participation indicate a robust interest in mutual funds, positively influencing SIP share price in the market. This trend could be sustained as investors continue favouring systematic investments amidst economic uncertainties. With SIPs becoming an increasingly preferred choice for disciplined investments, market analysts anticipate continued growth in the AUM and total SIPs in the coming months.
October’s record SIP inflows reflect the growing faith of retail investors in mutual funds. With a steady increase in folios and new registrations, SIP investments in India are showing strong growth momentum. As more retail investors turn towards mutual funds, the SIP share price could continue to reflect this rising demand.
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