Mutual Fund SIP Hits All-Time High: Investment in mutual funds through Systematic Investment Plan has reached an all-time high. In December 2024, SIP inflow in mutual funds crossed Rs 26000 crore for the first time and reached Rs 26,459 crore, which was Rs 25320 crore in November 2024. Investment in equity mutual funds has jumped 15 per cent month-on-month to Rs 41,155 crore in the month of December.
SIP investment crossed 26000 crores
Even though there has been huge volatility in the stock market in the month of December. Foreign investors have sold heavily, despite this, domestic investors have faith in the Indian stock market and they are not hesitating to invest in the market for the long term. As a result, according to the data released by the Association of Mutual Funds (AMFI) for December 2024, investment in mutual funds through SIP in this month has crossed the historical high of Rs 26000 crore and reached Rs 26,459 crore, which is Rs 1139 crore more than the month of November.
Bumper investment in mid-cap and small-cap funds
According to the data released by AMFI on investment in mutual funds in December, the highest investment of Rs 5093 crore has come in Mid-Cap Mutual Fund Schemes as against Rs 4883 crore in November. Investment in large cap has come down to Rs 2010 crore as against Rs 2547 crore in November. Investment of Rs 4667 crore has come in Small-Cap Mutual Funds as against Rs 4111 crore in November.
AUM increased by 27 percent in 2024
According to AMFI data, the total net inflow in December was Rs 80,509 crore while investors have withdrawn investments worth Rs 1.27 crore from debt funds. The asset under management (AUM) of mutual fund companies has come down by 2 percent to Rs 66.66 lakh crore from Rs 67.81 lakh crore in November. In January 2024, the asset under management was Rs 52.44 lakh crore, which increased by 27 percent to Rs 66.66 crore at the end of the year. In the month of December, mutual fund companies issued 34 NFOs, raising Rs 13852 crore.
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