The Assets Under Management (AUM) of mutual funds in India have reached a significant milestone, standing at approximately Rs. 50 Trillion (approximately $600 billion), according to data released by AMFI, the mutual funds industry body.
The recent market movements in both NSE and BSE have played a pivotal role in driving the growth of inflows, contributing to this impressive figure. Notably, in December, Systematic Investment Plan (SIP) inflows experienced a rise, reaching Rs. 17,610 crore compared to Rs. 17,073 crore in the preceding month of November 2023.
Specifically, net inflows into open-ended equity mutual funds demonstrated a robust increase of 9 percent, totaling Rs. 16,997 crore in December, compared to Rs. 15,536 crore in November.
A deeper dive into the data reveals that small-cap funds witnessed substantial net investments of Rs. 3,858 crore during the month. In contrast, mid-cap fund inflows experienced a 48 percent decline in December.
For those interested in tracking these trends and gaining insights into investor sentiments, the monthly data provided by AMFI can be accessed here.
This information serves as a valuable indicator of where funds are flowing and provides insights into investors’ perspectives on their investment strategies.
In an exclusive candid interview with us, Srinivas Jain, Head of Strategy - SBI Mutual Fund highlighted the vast potential for growth in the mutual fund industry in India, foreseeing participation from a significantly larger investor base. He mentioned that MF AUM will be reaching up to 100% of GDP soon. You can watch the interview here 
