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5 crore unique investors have invested in mutual funds, shows the latest AMFI data.
Venkat Chalasani, Chief Executive, AMFI said that the MF industry is proud to reach milestone of 5,01,22,609 unique investors in September 2024. “This, along with folio count surpassing 21 crore, underscores the efforts taken by the AMCs and distributors to spread financial awareness,” he said.
Further, AMFI data shows that the AUM of the MF industry has reached Rs.68 lakh crore in September 2024. The AUM has increased by 3% from Rs. 66 lakh crore in August 2024.
Here are other major highlights from the data:
MF folios
- Mutual fund folios have reached an all time high at 21.05 crore
- Retail folios for equity and hybrid schemes have also reached an all time high at 16.82 crore.
Retail AUM
- Retail AUM i.e. combination of AUM of equity and hybrid schemes stands at Rs. 40.44 lakh crore in September 2024
Equity funds
- Equity schemes have seen a net inflow of Rs. 34,400 crore in September 2024
- Sectoral/thematic funds received the highest net inflows of Rs. 13,300 crore
- Large and mid cap funds are second with net inflows of Rs. 3,600 crore while multi cap funds are third with net inflows of Rs. 3,500 crore
- Flexi cap funds and mid cap funds also received high net inflows of Rs. 3,200 crore and Rs. 3,100 crore, respectively
Debt funds
- Debt funds have seen a net outflow of Rs. 1.14 lakh crore mainly due to outflows from liquid funds at the end of the quarter
- Liquid funds have seen highest net outflows in the category of Rs. 72,700 crore while money market funds are second with net outflows of Rs. 23,400 crore
Hybrid funds
- Hybrid schemes have seen a net inflow of Rs. 4,900 crore
- Multi-asset allocation funds have recorded the highest net inflows of Rs. 4,100 crore
- Equity saving funds have also seen high net inflows of Rs. 2,300 crore
Passive funds
- Passive funds including ETFs and index funds have received a net inflows of Rs. 3,600 crore
- Index funds have received the highest net inflows of Rs. 2,000 crore
- Gold ETFs are second with net inflows of Rs. 1,200 crore
- Other ETFs have also received net inflows of Rs. 400 crore
SIP
- SIP AUM has reached an all time high at Rs. 13.82 lakh crore
- Gross monthly SIP inflows also reached an all time high at Rs. 24,500 crore
- The number of SIP accounts has reached its all time high and stands at 9.87 crore
- 66.38 lakh new SIPs were registered in September 2024
NFOs
- 27 new open-ended schemes raised Rs. 14,600 crore in September 2024
- 17 of the them are passive funds with 13 index funds
Here is how the industry reacted to the September 2024 data.
Venkat Chalasani, Chief Executive, AMFI
The consistent inflow of investments reflects the increasing trust and confidence in mutual funds. The industry's continued diversification into various product categories and innovative offerings is driving growth and providing investors with a wider range of options to meet their diverse financial goals.
The steadily increasing SIP contribution of Rs. 24,508 crore in Sept 2024 highlights the shifting investor sentiment towards disciplined and long-term wealth accumulation.
Hitesh Thakkar, Acting CEO, ITI MF
I believe India is one of the fastest growing economies in the world. Some corrections are healthy for the market and even for SIP investors. Domestic investment story is very encouraging.
Investors are now able to understand that short term volatility in the market is part of long-term wealth creation journey. That is the reason that the share of financial assets has been increasing rapidly and within financial assets, MF share is increasing gradually.
Akhil Chaturvedi, Executive Director & CBO, Motilal Oswal MF
In September 2024, markets have been volatile with several events playing out and the most important being the crises in Israel-Iran. Given where the valuations are placed, there has been a slight slowdown in equity in equity inflows, with notable reductions in sectoral/thematic funds. Small-cap and mid-cap funds saw relatively stable inflows, while multi-cap funds attracted increased investments, reflecting a shift towards more diversified portfolios. The overall assets under management remained robust, suggesting that investors continue to actively participate in the market while balancing risk and opportunity across different fund categories.
