Priyanka Tiwari
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Suspense crime, Digital Desk : The Indian mutual fund industry witnessed a historic inflow of capital through Systematic Investment Plans (SIPs), setting a new all-time high of ₹20,904 crore in May 2024. This surge in contributions highlights the steadfast trust of retail investors in disciplined, long-term investing.
According to the latest data released by the Association of Mutual Funds in India (AMFI), the May figure surpassed the previous month's collection of ₹20,371 crore. This marks the second straight month that SIP contributions have breached the significant ₹20,000 crore level, signaling a strong and sustained investment trend.
The robust SIP flows have propelled the total Assets Under Management (AUM) of the mutual fund industry to a new record peak of ₹58.91 lakh crore, up from ₹57.26 lakh crore in the previous month. The number of active SIP accounts also climbed to a record 8.76 crore in May.
This remarkable growth is a testament to increasing financial literacy and the adoption of disciplined investment habits among Indian retail investors. Despite market volatility, investors are continuing to trust the SIP route for their long-term financial goals, such as retirement planning, education, and wealth creation. The consistent month-on-month growth solidifies SIPs as the preferred method for millions across the country to participate in the equity markets.
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