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:
October
2023 saw the addition of 17,08,866 net SIPs, the highest recorded till date.
Moreover, the number of new SIP registrations for the same period reached an
impressive 34,66,354.
SIP AUM and Retail Mutual Fund AUM:
Despite a
slight dip from September, the SIP AUM in October remained substantial at Rs
8.59 lakh crore. The retail mutual fund AUM, covering equity, hybrid, and
solution-oriented schemes, reached Rs 25,08,983 crores, with an average AUM of
Rs 25,59,417 crores.
Market Trends and Investor Confidence:
The Mutual
Fund industry's growth remains on a positive trajectory, defying concerns over
peaking interest rates. Notably, there is a surge in money market investments,
reflecting investor confidence. Gilt funds have drawn considerable interest,
and contributions to small-cap funds indicate a strong belief in their
potential.
Conclusion:
In
conclusion, the Mutual Fund industry's October performance indicates a robust
and optimistic outlook. Despite economic uncertainties, investors continue to
show confidence through increased contributions, new registrations, and
sustained growth in SIP accounts. The industry's resilience and adaptability
suggest a promising trajectory for the future.
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