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Systematic Investment Plan (SIP) contributions remained steady in November 2024 at ₹25,320 crore, nearly matching October’s ₹25,323 crore. However, the number of new SIPs dropped to 49,46,408 from 63,69,919 in October.
This slight decline in registrations indicates a shift in investor sentiment, possibly due to market fluctuations.
The total SIP AUM for November 2024 reached ₹13.54 lakh crore.
The number of SIP accounts reached an all-time high of 10.22 crore, up from 10.12 crore in September.
This reflects consistent interest in SIPs, a preferred choice for long-term retail investors.
November also saw 18 new open-ended schemes launched, raising ₹4,052 crore. Despite volatility in the equity markets, the mutual fund industry’s assets surged to a record ₹68.08 lakh crore, up from ₹67.25 lakh crore in October.
A significant portion of this growth came from equity-oriented schemes, including thematic funds, which saw inflows exceeding ₹7,000 crore.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
AMFI CEO Venkat Chalasani said, "Monthly SIP inflows stayed above ₹25,000 crore in November, showing investor commitment to long-term financial goals despite market fluctuations."
Hitesh Thakkar, Acting CEO of ITI Mutual Fund, noted that the mutual fund industry continues to grow, with SIPs contributing significantly to AUM growth.
"Investor confidence remains strong, particularly in equity-oriented schemes," he added.
However, Akhil Chaturvedi of Motilal Oswal AMC pointed out that November’s volatility led to a cautious approach.
"Investors shifted towards small-cap funds, indicating a preference for higher-risk categories amidst uncertainty," he said.
Equity fund inflows fell to ₹35,927 crore in November, a 14.1% decrease from October’s ₹41,865 crore. This drop in equity inflows highlights the market's impact on investor behavior.
Index Fund Corner
Sponsored| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | -- | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
This slight decline in registrations indicates a shift in investor sentiment, possibly due to market fluctuations.
The total SIP AUM for November 2024 reached ₹13.54 lakh crore.
The number of SIP accounts reached an all-time high of 10.22 crore, up from 10.12 crore in September.
This reflects consistent interest in SIPs, a preferred choice for long-term retail investors.
November also saw 18 new open-ended schemes launched, raising ₹4,052 crore. Despite volatility in the equity markets, the mutual fund industry’s assets surged to a record ₹68.08 lakh crore, up from ₹67.25 lakh crore in October.
A significant portion of this growth came from equity-oriented schemes, including thematic funds, which saw inflows exceeding ₹7,000 crore.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
AMFI CEO Venkat Chalasani said, "Monthly SIP inflows stayed above ₹25,000 crore in November, showing investor commitment to long-term financial goals despite market fluctuations."
Hitesh Thakkar, Acting CEO of ITI Mutual Fund, noted that the mutual fund industry continues to grow, with SIPs contributing significantly to AUM growth.
"Investor confidence remains strong, particularly in equity-oriented schemes," he added.
However, Akhil Chaturvedi of Motilal Oswal AMC pointed out that November’s volatility led to a cautious approach.
"Investors shifted towards small-cap funds, indicating a preference for higher-risk categories amidst uncertainty," he said.
Equity fund inflows fell to ₹35,927 crore in November, a 14.1% decrease from October’s ₹41,865 crore. This drop in equity inflows highlights the market's impact on investor behavior.
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