India’s mutual fund industry achieved a significant milestone as its assets under management (AUM) exceeded ₹50 lakh crore in December. The robust rally in the Indian equity markets, coupled with continued investments, particularly through systematic investment plans (SIPs), contributed to this milestone. Monthly gross SIP inflows reached an all-time high of ₹17,610 crore in December 2023, with SIP AUM touching ₹10 lakh crore. The industry aims to surpass ₹100 lakh crore AUM and increase the investor base from 4.21 crore to 10 crore investors by leveraging technology and expanding distribution outreach.
Indian Mutual Fund Industry Surpasses ₹50 Lakh Crore AUM Mark in December
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/01/09113026/mf.jpg)