Thanks to the ongoing , total inflow into schemes during the fiscal year 2023-24 touched 1.84 lakh crore. Significantly, total inflow into all the mutual fund schemes via systematic investment plans (SIPs) stood at 1.99 lakh crore, 28 per cent higher than 1.56 lakh crore recorded in the preceding financial year.

Debt mutual funds saw an outflow of 23,098 crore, according to the data released by the (AMFI). At the same time, the inflow to hybrid mutual funds reached 1.44 lakh crore in fiscal 2024. For the unversed, comprise conservative, balanced, dynamic asset allocation, multi-asset allocation, arbitrage and equity savings mutual funds. Apr 6,480.29 1,06,677.36May 3,24045,959June 8,637-14,135July 7,62661,440Aug 20,245-25,872.5Sep 14,091-1,01,511Oct 19,95742,633Nov 15,536-4,707Dec 16,997-75,560Jan 21,78076,469Feb 26,86663,808Mar 22,633- 1,98,299Total 1,84,088(23,098.50) Additionally, inflows to mutual funds via systematic investment plans () have been on an upswing during the fiscal year 2024, rising from 13,700 crore in April 2023 to 19,271 crore in March 2024, reflecting a jump of 40 per cent in one financial year. In fact, SIP contribution into mutual funds rose month after month during the entire fiscal year, barring only April and June. April 13,728May 14,749June 14,734July 15,245Aug 15,814Sep 16,042Oct 16,928Nov 17,073Dec 17,610Jan 18,838Feb 19,187Mar 19,271 As one can see from the table above, investors contributed 13,728 crore in April via SIPs, which rose to 15,245 crore in July. The SIP contribution spiked further to 17,073 crore in November, 18,838 crore in January and 19,271 crore in March, thus taking the yearly contribution to 1,99,219 crore. Meanwhile, overall net assets under management (AUM) of the mutual fund industry to 53,40,194 crore at the end of March 2024, as against 54.54 lakh crore as on February 29 this year, the AMFI data revealed. The Retail MF folios (Equity + Hybrid + Solution Oriented Schemes) were also at an all-time high of 14.24 crore for March 2024, compared to 13.94 crore for February 2024. Livemint tops charts as the fastest growing news website in the world to know more.

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