SIP investments and AUM reached their highest levels ever in June 2024.

Monthly Systematic Investment Plan (SIP) inflows have peaked at a record high of Rs 213 billion (USD 2.55 billion). A report from Nuvama Institutional Equities shows sustained investor confidence, defying market highs with a notable 53% growth since January 2023 and an 85% increase from January 2022.

During FY25, the annual SIP inflows amounted to Rs 625.37 billion, compared to Rs 1,992 billion in FY24.

SIP contributions totaled Rs 1.19 lakh crore for the initial half of the current year. In June, the assets under management of the mutual fund industry increased by 4% to Rs 60.89 lakh crore, compared to Rs 58.64 lakh crore in May.

- In June, the monthly SIP contribution reached a new high of Rs 21,262.22 crore, surpassing the previous record of Rs 20,904.37 crore in May.

- In June, the number of active SIP accounts increased to its highest level ever at 8,98,66,962, up from 8,75,89,485 in May.

- The number of mutual fund accounts reached a record high of 19,10,47,118 in June. In June 2024, the number of retail mutual fund folios, comprising equity, hybrid, and solution-oriented schemes, reached a record high of 15,32,56,488, up from 14,89,54,824 in May 2024.

- 17 new open-ended New Fund Offers (NFOs) were introduced in June, generating a total of Rs 15,227 crore in funds. The highest contribution came from sectoral and thematic funds, totaling Rs 12,974 crore raised from nine sectoral fund debuts.

- In June, there was a decrease in net inflows for debt mutual funds, hybrid funds, and other categories compared to the previous month. Debt mutual funds experienced a withdrawal of Rs 1.07 lakh crore, a significant difference from the Rs 42,294 crore influx in May. Inflows into hybrid funds saw a 51% decline, whereas inflows into other schemes decreased by 7%. In the meantime, there was a significant increase in equity mutual fund investments, although the growth rate was slower.