SIP AUM crosses ₹3 T for the first time

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SIP AUM  has crossed ₹3 trillion for the first time. Commenting on the October 2019 monthly Mutual Fund data, N S Venkatesh, Chief Executive, AMFI said: “SIP AUM crossing the ₹3 trillion landmark for the first time ever and the continual rise in SIP accounts are a positive reflection of disciplined approach adopted by the retail investor fraternity. We expect equity markets to perform better in the coming quarters, as the positive impact of government initiatives trickles down in the economy, driving further inflows in mutual funds.”
 
Figures
AUM for October – 26,32,824.43 crores
AAUM for October -26,13,666.39 crores
YOY growth: 18%
SIP inflows for October: 8,246 crores
SIP growth YoY: 3% grwoth

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