look news india
Ahmedabad: Despite huge volatility in the stock market, investors’ confidence in mutual funds remains intact. In the year 2024, the asset under management (AUM) of the mutual fund industry will reach Rs. There has been an increase of Rs 17 lakh crore.
Market experts believe that strong economic growth and increasing participation of investors in the market are boosting the fund industry.
Investment in equity mutual funds continued for the 45th consecutive month in November 2024. At the same time, for the second consecutive month, investment through Systematic Investment Plan (SIP) increased to Rs 2,000 crore. Rs 25,000 crore was lost.
According to Amfi data, in the year 2024 Rs. A net inflow of Rs 9.14 lakh crore was seen. Also, the number of investors has increased by 5.6 crores. The popularity of SIP is so much that Rs. Through this route, Rs 2.4 lakh crore will be invested in mutual fund schemes.
With this investment, the assets under management (AUM) of the industry has increased to Rs. 68 lakh crore has reached its highest level till date. Which is 33 percent more than Rs 50.78 lakh crore at the end of 2023.
According to data released by AMFI, in November 2024, there was investment of Rs 35,943 crore in equity mutual funds, Rs 12,916 crore in debt funds and Rs 4,124 crore in hybrid funds. Equity fund in October Rs. 41,887 crore, debt fund has Rs. There was an inflow of Rs 1.57 lakh crore.