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Equity MF inflow hits almost 2-yr high of Rs 21,780-crore in Jan; SIPs reach all-time high financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore. The SIP AUM was Rs 9.95 lakh crore in December. The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December. The number of new SIPs registered in January also attained a new milestone, with 51.84 lakh new registrations as against 40.32 lakh in December.
While it took almost 50 years for the mutual fund industry to build the first ₹10 lakh crore of AUM, the last ₹10 lakh crore, from ₹40 lakh crore to ₹50 lakh crore, was amassed in just a little over a year.