Investment in mutual funds decreased by 75 percent?
Due to heavy volatility in the share market, mutual fund inflows have declined by 75 percent month-on-month in november 2024. A total investment of Rs 60,363 crore has come in all the schemes of mutual funds in november, which was Rs 2.39 lakh crore in october 2024. Inflows in equity mutual funds have declined by 14 percent and equity mutual funds have received an investment of Rs 35,943 crore in november, which was Rs 41,886 crore in october 2024. SIP investment remained flat in November
According to the data of AMFI (Association of Mutual Funds of India), the investment coming through Systematic Investment Plans in november 2024 has remained flat. In november, an investment of Rs 25,320 crore has come through SIP schemes of mutual funds, while in october 2024, an investment of Rs 25,323 crore came. A total of 49.46 lakh new SIPs have been registered in november, which was 63.70 lakh in October. However, the total number of SIP accounts has been at its highest level of 10.23 crores, which was 10.12 crores in October.
Monthly SIP above Rs 25000 crore
Commenting on the data, venkat Chalasani, CEO of AMFI said, Monthly SIP inflow remains above Rs 25000 crore. Despite short-term market volatility, this reflects investors' long-term investment vision and commitment to achieving financial goals. He said, the mutual fund industry's ability to attract SIP inflows reflects investors' vote of confidence in delivering value in the long term.