7KCR EXPRESS

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  In October, the Mutual Fund industry showcased impressive growth, with notable increases in SIP contributions, new registrations, and overall assets under management (AUM). Let's delve into the key statistics that reflect the industry's upward trajectory. SIP Contributions and Accounts: The SIP contribution for October surged by an impressive 5.52%, reaching an all-time high of Rs 16,927.86 crore. This marked a substantial increase from September's Rs 16,042.06 crore and a noteworthy climb from October of the previous year, which stood at Rs 13,041 crore. The number of SIP accounts reached an unprecedented peak in September at 730.02 lakh, witnessing a 2.40% increase from the previous month's 712.93 lakh. This growth is indicative of sustained investor interest in systematic investment plans. Mutual Fund Folios: Mutual fund folios achieved a historic high of 15,96,46,790 in October, showcasing a growth from 15,70,96,187 in September. Net SIPs and New Registrations: Oc...