SIP at a Record High: SIP contributions in May touch a new mark of Rs 20,904.37 crore
SIP contribution stood at an all-time high of Rs 20,904.37 crores in May 2024 as against Rs 20,371.47 crores in April 2024. The number of SIP accounts stood at highest ever at 8,75,89,485 in May 2024 compared to 8,70,11,401 in April 2024.
![SIP at a Record High: SIP contributions in May touch a new mark of Rs 20,904.37 crore](https://cdn.zeebiz.com/sites/default/files/2024/06/10/298558-insurance-pixabay-take.jpg?im=FitAndFill=(1200,900))
SIPs continue to woe investors as it scaled new heights of Rs 11,52,801 crore in May 2024, surpassing its previous mark of Rs 11,26,129 crore recorded in April 2024, as per Association of Mutual Fund in India (AMFI) data unveiled on Monday (June 10, 2024).
Number of new SIPs registered in May 2024 stood at 49,74,400.
SIP contribution stood at an all-time high of Rs 20,904.37 crores in May 2024 as against Rs 20,371.47 crores in April 2024.
The number of SIP accounts stood at highest ever at 8,75,89,485 in May 2024 compared to 8,70,11,401 in April 2024.
The Mutual fund industry’s net asset under management (AUM) stood at Rs 58,91,160.48 crores for the month of May 2024. AUM for the month of April 2024 was Rs 57,25,897.98 crore.
The AAUM for May 2024 is Rs 58,59,951.39 crores, while for March 2024, it was Rs 57,01,358.87 crore.
Mutual fund folios are at all-time high at 18,59,68,222 in May 2024.
Retail MF folios (equity+hybrid+solution oriented schemes) were also at an all-time high of 14,89,54,824 for the month of May 2024 as compared to 14,53,57,892 for April 2024.
Retail AUM (equity+Hybrid+solution-oriented schemes) stood at Rs 33,73,427 crores for April 2024 with an average AUM of Rs 33,62,885 crore.
It was the thirty nine months of positive equity inflows, starting from March 2021.
Growth Equity fund inflows for the month of May was Rs 34,697.00 crore.
A total of 9 schemes were launched in May in the category of open-ended scheme, raising a total of Rs 10,140 crore.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-sip-swp-monthly-pension-income-retirement-corpus-planning-calculator-inr-rs-20000-monthly-investment-for-15-years-inr-99000-monthly-return-for-42-years-313283](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316973-rupee-pixabay-take-1.jpg?itok=02-hJh59)
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
![https://www.zeebiz.com/market-news/news-bajaj-finserv-rvnl-borosil-renewables-carysil-railtel-corporation-stocks-to-buy-hdfc-securities-recommendation-picks-target-stop-loss-bse-nse-313386](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317091-26.jpg?itok=gE1cWt7z)
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-vs-ups-vs-ops-monthly-pension-income-retirement-corpus-calculator-what-will-be-your-pension-on-inr-rs-10000-contribution-for-35-years-expert-calculations-313361](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317060-rupee-pixabay-take-2.jpg?itok=cOVdof_v)
NPS vs UPS vs OPS: What will be your monthly pension if you contribute Rs 10,000 monthly for 35 years? Get expert calculations
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etf-sip-mutual-funds-in-5-years-calculator-how-inr-rs-21000-monthly-investment-has-grown-in-nifty-sp-bse-next-50-cpse-uti-icici-pru-nippon-india-motilal-oswal-bharat-22-nift-mid-infra-313306](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316994-indian-currency-pixabay-take-1.jpg?itok=JURVEkst)
Top 7 ETF Mutual Funds With Highest SIP Returns in 5 Years: How Rs 21,000 monthly SIP has grown in each ETF over the years
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-senior-citizen-fd-fixed-deposit-latest-interest-rate-2024-calculator-what-be-maturity-amount-with-return-on-investments-of-inr-900000-lakh-in-1-3-5-year-guaranteed-return-scheme-retirement-planning-313221](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316909-note-coin-pixabay-take-1.jpg?itok=3RPKcBYE)
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
04:41 PM IST