Daijiworld Media Network - Mumbai

Mumbai, Nov 11: The Indian mutual fund industry witnessed yet another record-breaking month in October, with Systematic Investment Plan (SIP) inflows climbing to an all-time high of ?29,529 crore, up from Rs 29,361 crore in September, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday.

The continued rise in SIP contributions — despite fluctuations in the domestic equity market — underscores the steadfast participation of retail investors, whose disciplined investing helped push the mutual fund industry’s total assets under management (AUM) to Rs 79.87 lakh crore, compared to Rs 75.61 lakh crore a month earlier.

SIP-linked assets stood at Rs 16.25 lac crore, accounting for roughly 20.3% of the total AUM for the mont

See Full Page