New Delhi, Dec 10 || The inflow into systematic investment plans (SIPs) stood at Rs 25,320 crore in November in the country, almost similar to the October figures (Rs 25,323 crore), according to data from the Association for Mutual Funds in India (AMFI) on Tuesday.
In November, the mutual fund industry's total assets under management (AUM) increased to Rs 68.08 lakh crore in November from Rs 67.25 lakh crore in October, as per the data by the AMFI.
In October, the SIP investments crossed Rs 25,000 crore for the first time in the country. The continuously increasing SIP figure shows that people prioritise investing in mutual funds through SIP.
The share of direct plans in SIP accounts have reached around 40 per cent, from nearly 21 per cent four years ago.
As per industry data, the AUM linked to direct plan SIPs increased to Rs 2.7 lakh crore by October 2024, from Rs 29,340 crore in March 2020.