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SIP Inflows Cross ₹25,000 Crore Mark for First Time in October

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Synopsis:

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.

SIP  news today

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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Key Takeaways:

  • 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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Mutual Fund Folios at Record Highs

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

-

Growth in New SIP Registrations

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.

Also read: NMDC Announces 2:1 Bonus Share Issue Amid 18% Q2 Profit Growth

SIP Share Price Impact and Future Outlook

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.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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