SIP Calculator: Investment in Mutual Funds through Systematic Investment Plan (SIP) has reached a new all-time high in October 2024. The figure of SIP investment in October crossed the figure of Rs 25000 crore and stood at Rs 25323 crore which was Rs 24,509 crore in September 2024. Whereas a year ago in October 2023, SIP investment in mutual funds was Rs 16,928 crore.
AMFI (Association of Mutual Funds in India), an organization of asset management companies running mutual funds, has released the data of investment in mutual funds for October 2024. According to this data, inflow into equity mutual funds in the month of October was Rs 41,887 crore with a jump of 21.69 percent. This is the 44th consecutive month when investment in equity mutual funds has been in the positive zone. There has been strong investment in funds of all three segments, large-cap, mid-cap and small-cap.
According to AMFI, there has been an inflow of Rs 3452 crore in large-cap funds, Rs 4883 crore in mid-cap funds and Rs 3772 crore in small-cap funds. The highest investment of Rs 16863.3 crore has come in Hybrid Fund in October, which was Rs 4901 crore in the first month. Investment in sectoral and thematic funds has declined marginally and investment of Rs 12,278 crore has come in October as compared to Rs 13,255 crore in September. The asset under management of all mutual funds stood at Rs 67.25 lakh crore in October 2024, which was Rs 67.09 crore in September 2024.
On Amfi’s data regarding equity mutual funds, Akhil Chaturvedi, Executive Director and Chief Business Officer of Motilal Oswal AMC, said, equity inflow remains stable around the figure of Rs 40,000 crore. He said, the market is witnessing volatility due to selling by foreign investors due to US elections and other major global investments. Despite this, the surge in net inflows proves the confidence among domestic investors who are continuously investing in equities despite this ups and downs.
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