Mutual fund SIP inflows in India increase by 7.5X in 8 years; soars to Rs 23,332 crore in July, as per AMFI
AMFI July 2024 SIP Mutual Fund Data: Association of Mutual Funds in India (AMFI) presented monthly mutual data today (Thursday, August 8, 2024), announcing record jump in the inflow of systematic investment plan (SIP) in July. In this write-up, know key details of the AMFI mutual fund data for July 2024.
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SIP inflows at record high
SIP inflows in the last 8 years have jumped by 7.5 times, says AMFI
SIP inflows at record high
AMFI says that SIP inflows increased from Rs 21,262 crore to Rs 23,332 crore Month-on-Month (MoM), an increase of 9.7 per cent.
SIP inflows over Rs 20,000 cr for 4th month
It was the fourth consecutive month when SIP inflows remained above Rs 20,000 crore.
On the other hand, SIP inflows have been on the rise for the 13th consecutive month.
Rs 85,869 crore SIP inflow in FY25
In FY25, total SIP inflow so far has been Rs 85,869 crore. It is 44 per cent of total FY24 inflows.
Month (2024) SIP Inflow (cr)
July 23,332
June 21,262
May 20,904
April 20,371
MF industry's net AUM crosses Rs 64 lakh crore
It was for the first time, when the mutual fund industry's net AUM crossed Rs 64 lakh crore. It saw a rise of 6.2 per cent to Rs 64.97 lakh crore MoM.
Mutual fund industry's net inflow
The mutual fund industry's net inflow stood at Rs 1.89 lakh crore in July 2024.
Equity mutual fund inflow
The July month saw an Inflow of Rs 37,113 crore in equity mutual funds.
Mid cap mutual funds tops inflow chart
In July 2024, the highest inflow was in midcap mutual funds.
Small cap and large cap follow path
After mid cap mutual funds, the highest inflows were in small cap funds and large cap fund inflow.