Highlights AMFI Mutual Fund Industry Monthly Data for August 2024

 

Ø Mutual Fund Industry's Net AUM stands at ₹ 66,70,305.14 crores for the month of August 2024. AUM for the month of July 2024 was ₹ 64,96,653.14 crores

 

Ø The AAUM for August 2024 is ₹ 66,04,057.21 crores and for the month of July 2024 was  ₹ 64,70,664.34 crores

Ø Mutual Fund Folios are at all-time high at 20,45,21,639 in August 2024

Ø Retail MF Folios (Equity + Hybrid + Solution Oriented Schemes) also at an all-time high at  16,35,50,846 for the month of August 2024 as compared to 15,89,35,085  for the month of July 2024.

Ø Retail AUM (Equity + Hybrid + Solution Oriented Schemes) stood at ₹ 39,27,594 crores for August 2024 with an Average AUM of ₹ 38,65,410 crores.

Ø 42^nd month of positive equity inflows, starting from March 2021.     

Ø Growth/Equity Oriented schemes inflows for the month of August is ₹ 38,239.16 crores

Ø Number of new SIPs registered in August 2024 stood at 63,93,602

Ø The SIP AUM is highest ever at ₹ 13,38,944.73 crores for the month of August 2024 compared to ₹ 13,09,385.46 crores for the month of July 2024

Ø SIP contribution stood at an all-time high of ₹ 23,547.34 crores in August 2024 as against ₹ 23,331.75 crores in July 2024.         

Ø The number of SIP accounts stood at highest ever at  9,61,36,329 in August 2024 as compared to 9,33,96,174 in July 2024

Ø A total of 18 schemes were launched in the month of August 2024, all in the category of open-ended schemes, raising a total of ₹ 13,815 crores.    

Ø Speaking on the August 2024 monthly data release – Mr. Venkat Chalasani, Chief Executive, AMFI said, "The industry assets rose to a new high, with an asset base of Rs.66.70 lakh crore at the end of August 2024. The positive inflow, along with folio count surpassing 20 crores, reflect investor confidence and a growing appreciation for mutual funds as a preferred investment avenue. The steadily increasing SIP contribution of Rs. 23,547 crores in August 2024 highlights the shifting investor sentiment towards disciplined and long-term wealth accumulation.

As mutual funds remain a key stabilising factor for equity markets in India, our commitment towards transparency and excellence remains resolute as we strive to deliver exceptional investment experience and adapt to the evolving needs of our investors."

 

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