MUMBAI: A volatile stock market in Jan notwithstanding, monthly inflows through SIPs in MF schemes went past the Rs 18K crore mark to settle at Rs 18,838 crore, while assets under management for the industry scaled a peak at Rs 52.7 lakh crore.
Last month, a record 51.8 lakh new SIPs were opened, data released by MF industry body Amfi showed, while the total number of folios were almost at 17 crore – also an all-time high number.
The surge in SIP accounts, coupled with the milestone of 51.8 lakh new SIP registrations, underscores the commitment of investors towards disciplined wealth creation, said Amfi chief executive, Venkat Chalasani. “Moreover, the industry’s net AUM soaring to Rs 52.7 lakh crore further accentuates the resilience and potential of mutual funds as a preferred investment avenue,” Chalasani said.
Last month, a record 51.8 lakh new SIPs were opened, data released by MF industry body Amfi showed, while the total number of folios were almost at 17 crore – also an all-time high number.
The surge in SIP accounts, coupled with the milestone of 51.8 lakh new SIP registrations, underscores the commitment of investors towards disciplined wealth creation, said Amfi chief executive, Venkat Chalasani. “Moreover, the industry’s net AUM soaring to Rs 52.7 lakh crore further accentuates the resilience and potential of mutual funds as a preferred investment avenue,” Chalasani said.