SIP Flows Hit Record High in June: Amfi
By Rediff Money Desk, Mumbai Jul 09, 2024 15:12
Mutual fund investors poured Rs 21,262 crore into SIPs in June, a record high, according to Amfi. The overall AUM from SIPs has grown to Rs 12.43 lakh crore.
![SIP Flows Hit Record High in June: Amfi](https://im.rediff.com/money/2021/jun/16sip.jpg)
Illustration: Dominic Xavier/Rediff.com
Mumbai, Jul 9 (PTI) Mutual fund investors put in Rs 21,262 crore in systematic investment plans (SIPs) in June, an industry body said on Tuesday.
This is higher than the Rs 20,904 crore in May, the Association of Mutual Funds of India (Amfi) said.
The overall assets under management (AUM) from SIPs grew to Rs 12.43 lakh crore, which can be attributed to both the mark to market growth due to the surge in market and also to the new inflows, Amfi Chief Executive Venkat Chalasani told reporters.
A total of 55 lakh new SIPs were registered in June, taking the total number of SIPs to 8.98 crore, he said, adding that 32.35 lakh matured or were shut down.
He, however, did not answer a question on the net SIP investments after accounting for the outflows.
The overall AUM of the MF industry stood at over Rs 61.33 lakh crore as of June and Chalasni said there was an outflow in the debt MF front because of the advance tax payments.
This is higher than the Rs 20,904 crore in May, the Association of Mutual Funds of India (Amfi) said.
The overall assets under management (AUM) from SIPs grew to Rs 12.43 lakh crore, which can be attributed to both the mark to market growth due to the surge in market and also to the new inflows, Amfi Chief Executive Venkat Chalasani told reporters.
A total of 55 lakh new SIPs were registered in June, taking the total number of SIPs to 8.98 crore, he said, adding that 32.35 lakh matured or were shut down.
He, however, did not answer a question on the net SIP investments after accounting for the outflows.
The overall AUM of the MF industry stood at over Rs 61.33 lakh crore as of June and Chalasni said there was an outflow in the debt MF front because of the advance tax payments.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Waaree Renewable...](https://im.rediff.com/80-80/money/2016/jul/26solar3.jpg)
Waaree Renewable Wins 30 MW Solar Project in...
Waaree Renewable Technologies Ltd has secured a 30 MW ground-mounted solar project from...
![Mumbai Airport...](https://im.rediff.com/80-80/money/2020/jul/31mumbai-airport.jpg)
Mumbai Airport Passenger Traffic Rises 7% in...
Mumbai International Airport witnessed a 7% rise in passenger traffic during the June...
![Two-Wheeler Sales...](https://im.rediff.com/80-80/money/2024/jan/31jan-bajaj.jpg)
Two-Wheeler Sales to Peak in Q1 FY26: Bajaj Auto
Bajaj Auto expects domestic two-wheeler sales to grow 6-8% this fiscal and reach peak...