Mutual fund data: Net AUM above Rs 50 lakh crore mark for first time; monthly SIP inflows at record Rs 17,610 crore

Mutual fund industry body released its period report for December 2023 on Monday, January 8.

Monthly SIP inflows crossed the Rs 17,000 crore mark for a second straight month, according to AMFI data. | Image: Pixabay

Domestic mutual fund net assets under management (AUM) crossed the Rs 50 lakh crore mark for the first time ever, data from the Association of Mutual Funds in India (AMFI) released on Monday showed. The AUM tally stood at Rs 51,09,071.8 crore at the end of December 2023, according to the mutual fund industry body.

"The achievement comes against the backdrop of the India growth story, highlighting the MF industry's ability to win investor trust by providing low cost, long term-oriented wealth creation avenues," AMFI said in a press release.

The Rs 50 lakh crore milestone is a testament to the trust that investors place in the Indian mutual fund industry, said Navneet Munot, Chairman, AMFI. "On this momentous achievement, we would like to thank and congratulate the regulator, SEBI, all our distributors and investment advisers, all MF industry stakeholders, our member AMCs and above all, the mutual fund investors. The mutual fund Industry is geared up for the next growth milestone of Rs 100 lakh crores AUM and 10 crore investors, which we are sure will be achieved sooner than expected,” he added.

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Equity mutual fund inflows came in at Rs 16,997 crore for the month—the 34th month of net inflows in a row, an increase of 9.4 per cent sequentially, with record inflows in the systematic investment plan (SIP) category, according to AMFI. The equity inflows were driven by a sustained preference for smallcap funds.

Monthly SIP inflows topped the Rs 17,000 crore mark for a second straight month, the data showed.

SIP inflows for December 2023 stood at a record Rs 17,610 crore, an eighth month when the monthly figure exceeded Rs 14,000 crore, and fifteenth above Rs 13,000 crore.

Here's how the category has fared in the past few months:

Month	SIP inflows (in crore rupees)
December '23	17,610
November '23	17,073
October '23	16,928
September '23	16,402
August '23	15,814
July '23	15,245
June '23	14,734
May '23	14,749
April '23	13,728
March '23	14,276
February '23	13,686
January '23	13,856
December '22	13,573
November '22	13,306
October '22	13,041
September '22	12,976
Source: AMFI

While mutual fund inflows in the smallcap and midcap segments amounted to Rs 3,858 crore and Rs 1,393 crore, respectively, the largecap segment recorded outflows to the tune of Rs 281 crore in December. Smallcap funds accounted for more than one-fifth of the overall equity mutual fund inflows.

For the full calendar year, the inflows in smallcap and midcap funds amounted to Rs 41,036 crore and Rs 22,912 crore, respectively, while the outflows in the largecap segment came in at Rs 2,968 crore.

Here's a segment-wise summary of monthly equity flows in 2023:

Month	Inflows/outflows (in crore rupees)
Month	Smallcap	Largecap	Midcap
December '23	3,858	-281	1,393
November '23	3,699	307	2,665
October '23	4,495	724	2,408
September '23	2,679	-111	2,001
August '23	4,265	-349	2,512
July '23	4,171	-1,880	1,623
June '23	5,472	-2,050	1,749
May '23	3,283	-1,362	1,196
April '23	2,182	53	1,791
March '23	2,430	911	2,129
February '23	2,246	354	1,817
January '23	2,256	716	1,628
Source: AMFI

With inputs from Reuters

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