AMFI January 2024 Data: Mutual Fund SIPs cross Rs 18,000 crore mark for the 1st time; AUMs rise 3.9%

AMFI January 2024 Data: Systematic Investment Plan (SIP), a prominent method to invest money in mutual funds, crossed the monthly barrier of Rs 18,000 crore for the first time as people invested a record Rs 18,839 crore through SIPs in January 2024, as per the latest data released by AMFI on Thursday (February 8). The SIPs in January 2024 were 6.98 per cent higher than December 2023's numbers of Rs 17,610 crore. 

The net mutual fund inflow in January was Rs 1.23 lakh crore, said the Association of Mutual Funds in India (AMFI) in a press call on Thursday.

Mutual funds' asset under management (AUM) saw a rise of 3.9 per cent to Rs 52.74 lakh crore Month-on-Month (MoM).

In January 2024, number of new SIPs registered reached a record 51,84,057. 

The number of SIP accounts for January 2024 stood at its highest-ever- 7,91,71,394- compared to 7,63,65,924 in December 2023. 

The SIP AUM stood at Rs 10,26,996.23 crores for January 2024 against 9,95,925.39 crores for December 2023. 

Mutual Fund Folios also reached an all-time high of 16,95,59,182 for Januay 2024 compared to 16,48,90,272 for December 2023.

Retail MF folios (equity + hybrid + solution oriented schemes) also hit an all-time high of 13,56,80,462 for January 2024 compared to 13,18,55,261 for December 2023.

Speaking on January 2024 monthly data, Mr. Venkat Chalasani, Chief Executive, AMFI said: "As we reflect on the latest data within the mutual fund industry, it is abundantly clear that we are in an era of growth and participation through financial savings instruments.

"The surge in SIP accounts to an unprecedented 7.92 crores in January 2024, coupled with the milestone of 51.84 lakhs new SIP registrations, underscores the unwavering commitment of investors towards disciplined wealth creation." 

Open ended debt fund saw a net inflow of Rs 76,469 crore, while their AUM for the January month was Rs 13.76 lakh crore.

Liquid fund's net inflow in January was Rs 49,468 crore. The AUM for the same was Rs 4.3 lakh crore. 

Open ended equity fund's net inflow for January was Rs 21,781 crore, while the AUM for these funds was Rs 22.5 lakh crore.

Open ended hybrid fund's net inflow for January was Rs 20,637 crore, while their AUM was Rs 6.9 lakh crore.