The Association Of Mutual Funds India has released their monthly infographics of AMFI for the month May 2024. AMFI is an association of registered asset management companies of SEBI or registered Mutual funds under the Indian market. Let’s have a look at the numbers presented.
MONTHLY SIP CONTRIBUTION
The SIP contribution for the month of April 2024 went upto ₹20,371 crore after being at ₹19,271 crore in March 2024. This shows a significant jump of about ₹10,000 crore in total of money in the Indian market pool.
NET NUMBER OF NEW SIP REGISTRATIONS
A jump to 30.4 lakh new accounts were witnessed this April 2024 while back in 2023 only 6.35 lakh new users registered in the month of April. This enumerates how rapidly due to digitalisation, people are being more conscious about their financial well being.
TOTAL NUMBER OF OUTSTANDING SIP ACCOUNTS
Around 870 lakh accounts stood out from the rest due to their participation and vigor while only 800 lakh stood so in the month of March.
SIP AAUM
In April 2024, ₹11,26,129 crore AAUM was generated as compared to ₹7,17,176 crore generated back in April 2023. Shouldn’t we applaud the growing economy of our nation?
AVERAGE NET ASSETS UNDER MANAGEMENT
April 2024= ₹57,01,359
April 2023= ₹ 41,52,715
MONTHLY NET FLOW IN EQUITY SCHEMES
If we present a concise view of the graph, sectoral schemes led with ₹ 5166 crore however focused schemes failed to hit the market as they suffered a loss of ₹328 crore.
MONTHLY NET FLOW IN OPEN ENDED DEBT SCHEME
According to the concise graph, the liquid scheme led the market with ₹ 102,752 crore but the banking sector hit a massive loss of ₹405 crore.
TOP AMC AAUM
SBI Mutual Funds- ₹91,436,530 lakh
ICICI Prudential Mutual Funds- ₹68,309,590 lakh
HDFC Mutual Funds – ₹61,290,490 lakh
NET AUM
HYBRID- ₹ 77, 71, 148
DEBT- ₹1,481,689
EQUITY- ₹2,421,554
MONTH ON MONTH ANALYSIS OF NET HYBRID INFLOW
The result for April 2024 stood at ₹19,863 crore instead of ₹3317 crores as per April 2023.
