SIP Contribution Reaches All-Time High, Mutual Fund Industry Shows Positive Growth

Key Takeaways:

1. SIP contribution reached an all-time high of Rs 17,073.30 crore in November, reflecting a significant increase from the previous month’s figure of Rs 16,927.86 crore.

2. The number of SIP accounts also reached a record high of 744.13 lakh in November, compared to 730.02 lakh in October, demonstrating the increasing popularity of SIPs among retail investors.

3. The total number of mutual fund folios reached an all-time high of 16,18,14,583 in November, indicating broader participation of investors in the mutual fund industry.

4. Despite the overall increase in SIP contributions, the number of new SIPs registered in November decreased to 30,80,185 from 34,66,354 in October, which may be of interest to industry analysts and stakeholders.

5. The SIP Assets Under Management (AUM) stood at Rs 9,31,333.09 crore for November, reflecting the growing investment through SIPs.

6. The retail mutual fund folios, including equity, hybrid, and solution-oriented schemes, also reached an all-time high at 12,92,21,994 in November, with a retail AUM of Rs 27,01,321 crores.

The Mutual Fund Industry in India, particularly in November 2023. Here are the key points from the statement:

1. SIP Contribution: The Systematic Investment Plan (SIP) contribution reached an all-time high of Rs 17,073.30 crore in November, reflecting a significant increase from the previous month’s figure of Rs 16,927.86 crore. This demonstrates a growing trend in SIP investments, indicating the increasing trust and confidence of investors in the mutual fund industry.

2. SIP Accounts: The number of SIP accounts also reached a record high of 744.13 lakh in November, compared to 730.02 lakh in October. This surge in SIP accounts further emphasizes the popularity and acceptance of SIPs as an investment avenue among retail investors.

3. Mutual Fund Folios: The total number of mutual fund folios, which represent individual investor accounts, reached an all-time high of 16,18,14,583 in November, up from 15,96,46,790 in October. This increase in folios indicates a broader participation of investors in the mutual fund industry.

4. New SIP Registrations: Despite the overall increase in SIP contributions, the number of new SIPs registered in November decreased to 30,80,185 from 34,66,354 in October. This decline in new registrations may be a point of interest for industry analysts and stakeholders.

5. SIP AUM: The SIP Assets Under Management (AUM) stood at Rs 9,31,333.09 crore for November, compared to Rs 8,59,923.86 crore in October. This growth in SIP AUM further underscores the increasing investment through SIPs.

6. Retail Mutual Fund Folios and AUM: The retail mutual fund folios, including equity, hybrid, and solution-oriented schemes, also reached an all-time high at 12,92,21,994 in November, compared to 12,74,88,003 in October. The retail AUM, which includes the aforementioned schemes, stood at Rs 27,01,321 crores for November, with an average AUM of Rs 26,36,163 crore.

The positive growth and success of the Mutual Fund Industry, as highlighted by NS Venkatesh, CEO of the Association of Mutual Funds in India (AMFI), indicate a robust and thriving investment landscape in India’s mutual fund sector.

FAQ:

Q1: What was the SIP contribution in November 2023?

A1: The SIP contribution reached an all-time high of Rs 17,073.30 crore in November 2023.

Q2: How many SIP accounts were recorded in November 2023?

A2: The number of SIP accounts reached a record high of 744.13 lakh in November 2023.

Q3: What was the total number of mutual fund folios in November 2023?

A3: The total number of mutual fund folios reached an all-time high of 16,18,14,583 in November 2023.

Q4: What was the retail AUM in November 2023?

A4: The retail AUM, including equity, hybrid, and solution-oriented schemes, stood at Rs 27,01,321 crores in November 2023.