Mutual Funds SIP: Investment in mutual funds through Systematic Investment Plan has reached an all-time high in July 2024. According to AMFI data, Rs 23,332 crore has been invested in mutual funds through Monthly Systematic Investment Plan in the month of July, which was Rs 21,262 crore in June. SIP investment has seen a jump of Rs 2070 crore in a single month. However, equity mutual fund inflow has declined by 8.61 per cent in July and stood at Rs 37,113.39 crore.
The Association of Mutual Funds of India has released data on investment in mutual funds for July 2024. According to this data, inflows into equity mutual funds declined in July due to a decrease in investment in large-cap and mid-cap funds. In July, equity funds received an investment of Rs 37,113.39 crore, which was Rs 40,608.19 crore in June 2024 with a jump of 17 per cent, which is a record high.
