Mutual fund SIPs reached a record Rs 20,904 crore in May, marking the 39th consecutive month of net equity inflows.
Mutual fund SIPs at a new high of Rs 20,904 crore in May, and equity inflows surged to Rs 34,697 crore, marking an 83% increase from the preceding month. This also marks the 39th consecutive month of net inflows in equity funds. SIP contributions rose to Rs 20,904 crore in May from Rs 20,371 crore in April, marking the second consecutive month of inflows exceeding Rs 20,000 crore. The mutual fund industry witnessed an inflow of Rs 1.1 lakh crore in May, while the total inflow was Rs 1.2 lakh crore in April.
June 10, 2024
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