Inflows into systematic investment plans (SIPs) of mutual funds spiked to ₹18,838 crore in Jan 2024, reflecting a jump of 36% in just one year. Consequently, total SIP assets under management have touched the highest-ever figure of ₹10.26 lakh crore.
Hybrid mutual funds is a broad category which entails seven types of mutual fund categories. The latest AMFI data shows there are a total of 149 hybrid mutual fund schemes. The most popular ones are dynamic asset allocation and arbitrage hybrid funds with 31 and 27 schemes, respectively
There are 38 flexi cap mutual funds with total assets under management (AUM) of ₹3.27 lakh crore. This is higher than any of the remaining 10 equity fund categories.
You can opt for large-cap funds for the majority of investible sum, while the remainder of your corpus can go towards dynamic bond funds of 2-3-year duration, say these investment advisors.
The total number of SIP accounts touched 7.63 crore in December 2023, out of which, 40.3 lakh were added in one month alone. It was for the first time that 40 lakh new SIP accounts were added in a month.