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In September, the SIP contribution reached an unprecedented ₹16,042.06 crore ($2.15 billion). The number of SIP accounts and new registrations also peaked at 712.93 lakh and 36.77 lakh, respectively. The rise in SIP contributions is a testament to the increased participation of Indian retail investors in equity markets via the Mutual Fund route.
Mutual fund folios reached an all-time high of 15,70,96,187 while the SIP assets under management (AUM) were ₹8.70 lakh crore ($116 billion). Retail mutual fund folios and AUM also hit record highs of 12,54,51,947 and ₹25,38,126 crores ($340 billion), respectively.
The industry recorded a robust half-yearly growth and observed an overall AUM growth of 21%. This significant growth can be attributed to investor education initiatives and the continued commitment to strengthening investor confidence in the market.
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