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The systematic investment plans (SIP) of Indian mutual funds gathered Rs 13,573.08 crore from investors, up from Rs 13,306.49 crore invested in November 2022, the Association of Mutual Funds in India (AMFI) said on Tuesday.Last month's SIP ...
Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021.
The Indian mutual fund space has witnessed an expansion amid the Covid-19 pandemic. Top fund houses have registered growth in the range of 8-16 per cent this year in their assets under management (AUM). Indian Mutual Funds market AUM has recently crossed over Rs 36 lakh crore. Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of August 2021 stood at Rs 36,09,471 crore. Assets Under Management (AUM) of the Indian Mutual Fund Industry as on August 31, 2021