Monthly Systematic Investment Plan (SIP) inflows reach a historic Rs18,000 crore.
According to Amfi chief executive Venkat Chalasani, the increase in SIP accounts and the addition of 51.8 lakh new SIP registrations underscore investors' dedication to disciplined wealth generation.
According to the latest data from AMFI, the SIP contribution reached a new all-time high in January. In January, the monthly contribution amounted to Rs 18,838.33 crore, compared to Rs 17,610.16 crore in December.
The asset base for SIP increased by 3.12% in January to Rs 10.26 lakh crore, up from Rs 9.95 lakh crore in December. The number of SIP accounts reached a new peak of 791.71 lakh in January, compared to 763.65 lakh in December. Additionally, January saw a new milestone in the number of new SIP registrations, with 51.84 lakh new registrations compared to 40.32 lakh in December.
The average asset under management (AAUM) for mutual funds in January stood at Rs 52.89 lakh crore, up from Rs 51.09 lakh crore in December.