If you are planning to invest in mutual funds, then this article is for you. Investment through a systematic investment plan (SIP) in mutual funds has reached an all-time high in October 2024. SIP inflows in October crossed Rs 25,000 crore to Rs 25,323 crore from Rs 24,509 crore in September 2024. Whereas in October 2023, SIP investment in mutual funds stood at Rs 16,928 crore.
SIP
The Association of Mutual Funds in India, an organization of asset management companies that run mutual funds, has released the data on investment in mutual funds for October 2024. According to this data, inflows in equity mutual funds jumped 21.69 percent to Rs 41,887 crore in October. This is the 44th consecutive month when investment in equity mutual funds has been in the positive zone. There has been strong investment in funds of all three segments of large-cap, mid-cap, and small-cap.
Mutual funds
According to Amfi, large-cap funds have inflows of Rs 3452 crore, mid-cap funds Rs 4883 crore, and small-cap funds Rs 3772 crore. The hybrid fund saw the highest inflow of Rs 16,863.3 crore in October, up from Rs 4,901 crore in the previous month. Investment in sectoral and thematic funds declined marginally and came to Rs 12,278 crore in October compared to Rs 13,255 crore in September. The asset under management of all mutual funds stood at Rs 67.25 lakh crore in October 2024 as against Rs 67.09 crore in September 2024.
Commenting on Amfi’s data on equity mutual funds, Akhil Chaturvedi, executive director and chief business officer, Motilal Oswal AMC, said: “Equity inflows remain close to the Rs 40,000 crore mark.” Selling by foreign investors due to US elections and other major global investments has led to volatility in the market. Despite this, the surge in net inflows proves the confidence among domestic investors, who continue to invest in equities despite this volatility.
