The average assets under management (AUM) and net AUMs for Indian mutual fund industry increased to record high levels at 38.21 lakh crore and 37.33 lakh crores respectively as on October 31, 2021, according to data released today by AMFI.

The systematic investment plans (SIPs) contribution also reached a record high of Rs 10,518.53 crore, data from the MF association showed.

SIP is an option that mutual funds offer investors to invest a fixed amount of money per month at predetermined intervals in the selected mutual fund scheme.

SIP AUMs have breached 5.5 lakh crore for the month under review, standing at 5,53,532.08 crore at the end of October 31.

The number of SIP accounts also reached an all-time high in October 2021 with 4,64,30,598 compared to 4,48,97,602 in September 2021.

In the equity segment, all schemes barring ELSS and Value schemes and value schemes reported positive flows, while in the hybrid category, with the exception of hybrid aggressive / balanced schemes, the rest, including schemes, reported broad and continuous acceptance, according to a statement from AMFI.

The fund of funds, index funds and ETFs also reported positive inflows and collectively reported positive inflows of INR 10,758.85 crore as of October 31, 2021.

Other Highlights of October Mutual Fund Data

No of Folios as on October 31, 2021 are at 11,43,80,871

Retail AUM (Equity + Hybrid + Solution Oriented Schemes) in October were at an all-time high at 18,01,588 crore

The AAUM cooperative in equity-oriented schemes, as well as hybrid-oriented schemes, increased by almost a third during April 2021 to October 2021 to 13.12 lakh crore and 4.76 lakh crore respectively as on October 31, 2021.

Source: LiveMint

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