April 2024 saw record SIP inflows of Rs 20,371 crore, a 6.7% rise from the previous three months, indicating strong investor confidence. Active SIP accounts reached 8.70 crore, up 35.5% year-on-year. Despite high cancellations, net SIP additions hit 30.4 lakh. SIP Assets Under Management (AUM) soared to Rs 11.26 lakh crore, reflecting a 57% annual growth. The Indian mutual fund industry saw net inflows of Rs 2.39 lakh crore, driven by open-ended equity, debt, and hybrid schemes. Debt funds led with Rs 1.89 lakh crore inflows, the highest in over five years. Equity funds also attracted significant investments, despite market volatility.
Record SIP Inflows and Mutual Fund Trends in April 2024
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