Zania-Editor
Systematic Investment Plans (SIPs) have hit new records, with monthly contributions reaching Rs 23,547 crore in August, up from Rs 23,332 crore in July.
In India, the mutual fund industry has seen its assets rise to Rs 66.7 lakh crore in 2024. It’s expected to have more than 50 million unique investors this year. This growth is mainly due to a strong stock market and more new fund options available. Experts think that by 2030, the number of investors could reach 100 million, with total assets possibly reaching Rs 100 trillion.
The increase is supported by a resilient market, active retail investors, good market conditions, and a variety of investment choices. In August, the total assets in Indian mutual funds crossed Rs 65 lakh crore for the first time, with equity funds gaining Rs 38,239 crore—up 3.03% from July’s Rs 37,113 crore.
More people from smaller cities are investing in mutual funds than ever before, increasing their share significantly over the past four years. While Mumbai and Delhi still have the most investors, accounting for 39% as of June 2024, other cities have consistently made up over 30% of investors since March 2021, according to a Franklin Templeton report.
Experts say that these mutual fund inflows provide important liquidity for the stock market, as the high SIP collections help offset any selling. SIPs are growing by about 1% each month, which is good for the industry’s long-term growth and helps investors steadily increase their equity investments.
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