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Equity mutual funds in India saw a surge in inflows, reaching approximately ₹21,780 crores in January 2024, compared to ₹16,997 crores in December 2023. Sectoral/thematic and small-cap oriented funds were the primary contributors.
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore. The SIP AUM was Rs 9.95 lakh crore in December. The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December. The number of new SIPs registered in January also attained a new milestone, with 51.84 lakh new registrations as against 40.32 lakh in December.
Inflows into open-ended equity funds increased by 28 percent to ₹21,780.56 crore in January, marking the 35th consecutive month of positive inflows.
Retail investors own 60 percent of assets, while the remainder of assets are held by institutional investors. Additionally, equity-oriented schemes derive 89 percent of their assets from individual investors.
The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.