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MF industry AUM crosses ₹50L crore
The Morning Standard
|January 09, 2024
THE assets under management (AUM) of country’s mutual fund industry surpassed the ₹50 lakh crore mark in December as investors continue to pour money, especially via systematic investment plans (SIPs), amid a strong rally in the Indian equity markets, data released by the Association of Mutual Funds of India (AMFI) on Monday showed.
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The monthly gross SIP inflows, which were nearly? 8,000 crore in the financial year 2019-20, have now scaled up to an all-time high of ₹17,610 crore in December 2023.
The systematic investment plans AUM as of December 2023 touched ₹10 lakh crore, which is another milestone.
The total SIP inflow in the calendar year 2023 stood at ₹183,741 crore as against ₹149,437 crore in CY22, according to AMFI data.
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