New Delhi: The Average Assets Under Management (AUMs) and the Net AUMs for the Indian Mutual Fund industry have risen to a record high levels at Rs 38.21 lakh crores, and Rs 37.33 lakh crores respectively as of October 31, 2021, according to the data released by the Association of Mutual Funds in India (AMFI).
The Fund of Funds, Index Funds, and ETFs too reported positive flows and collectively reported positive flows to the tune of Rs10,758.85 crores as of October 31, 2021.
“Net Positive flows during October 2021, in all categories of open-ended Mutual Fund schemes be it Debt, Equity, Hybrid, Solutions-oriented, or Index, FoFs or ETFs coupled with continued buoyancy in SIP flows, at historic high, has peaked overall Indian MF Industry AAUMs to an all-time high of Rs 38.21 lakh crores,” said N S Venkatesh, Chief Executive of AMFI.
“It is heartening to see investors sticking to making matured choices by opting for schemes that offer a prudent mix of debt and equity through Balanced Advantage schemes, Flexi-Cap schemes, and choosing mutual funds as an investment for long term financial planning for their own retirement and children’s welfare. This is quite evident from the monthly SIP contribution getting consolidated at a record high level at Rs 10,518. 53 crores,” added Venkatesh.
Mutual Fund AAUMs in the Equity and Growth-oriented schemes as also in Hybrid oriented schemes have risen by almost one-third during April 2021 to October 2021 to Rs 13.12 lakh crores and Rs4.76 lakh crores respectively as of October 31, 2021, from Rs 9.80 lakh crores and Rs 3.57 lakh crores respectively as on April 30, 2021.
While Monthly SIP Contribution collection hit an all-time high at Rs 10,518.53 crores, the SIP AUMs breached the 5.5 lakh crore mark at Rs10,518.53 crores. The number of SIP accounts and Retail AUMs also reached an all-time high at 4,64,30,598 and Rs 18,01,588 crores respectively.