Mutual fund investment through the systematic investment plan (SIP) scaled new heights in April as it increased from Rs 19,271 crore to Rs 20,371 crore month-on-month, as per Association of Mutual Funds in India (AMFI) data revealed on Thursday (May 9, 2024).

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Net mutual fund inflow in April was was Rs 2.39 lakh crore, as per AMFI data.

Mutual Fund Asset Under Management (AUM) in April reached Rs 57.25 lakh crore, which was seven per cent up MoM.

Open ended debt fund net inflow was Rs 1.9 lakh crore, while open ended debt fund AUM saw a 16 per cent jump at Rs 14.6 lakh crore.

Open ended equity fund net inflow for the April month stood at Rs 18,920 crore, while open ended equity fund net AUM rose by five per cent to Rs 24.7 lakh crore.

Open ended hybrid fund net inflow was Rs 19,860 crore in April, while open ended hybrid fund Net AUM was Rs 7.58 lakh crore.

Liquid fund net inflow in April  was Rs 1.03 lakh crore.

The total number of new SIPs registered in April 2024 stood at 63,64,907.
The SIP AUM is the highest ever at Rs 11,26,128.67 crores for the month of April 2024 compared to Rs 10,71,665.63 crores for March 2024.        

Mutual fund folios were at an all-time high of 18,14,68,286 in April 2024.

Retail MF folios (equity+hybrid+solution-oriented schemes) were also at an all-time high of 14,53,57,892 for the month of April 2024 as compared to 14,24,42,823 for March 2024.

The retail AUM (equity+hybrid+solution-oriented schemes) stood at Rs 32,82,225 crores for April 2024 with an average AUM of Rs 32,48,053 crores.

A total of nine new schemes were launched in the month of April 2024. All were in the open-ended category, raising a total of Rs 1,532 crores.     SIP contribution 

The number of SIP accounts stood at highest-ever at 8,70,11,401 in April 2024 as compared to 8,39,71,299 in March 2024.

A total of 93 per cent MF accounts have KYC Validated or KYC Registered status; only three per cent accounts have 'KYC Hold' status.

Speaking on March 2024 monthly data, Mr. Venkat Chalasani, Chief Executive, AMFI said: 

"The Mutual Fund Industry surged to new levels, with Net AUM reaching ₹57.26 lakh crores and SIP accounts touching 8.70 crores. A historic SIP contribution of ₹20,371.47 crores taking SIP AUM to Rs. 11.26 lakh crores with 63.65 lakh new SIP registrations showcases investor confidence. 
With regards to the KYC norms applicable w.e.f April 2024, the mutual fund industry is addressing concerns for a smooth process. Together with AMCs, distributors and other stake holders, we are committed to facilitating a seamless KYC validation process for all, thereby ensuring the integrity and accessibility of mutual fund investments across the board."

Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, said: "It is heartening to note that across most categories inflows remain positive for mutual funds. However one area where we are seeing heightened activity over past many months is the incremental exposure towards sectoral/thematic funds. Our recommendation is that diversified funds would be a better bet for the long term over sectoral/thematic funds specially when valuations are on the higher side."