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).

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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.