Investments rose for the 35th consecutive month, boosted by demand for mutual funds.

Investors’ interest in mutual funds is constantly increasing amid the boom in the stock market. This is reflected in the continuous increase in AUM and the ongoing trend of mutual fund inflows. The data shows that not only has AUM of mutual funds crossed the Rs 50 lakh crore mark for the first time recently, but the trend of inflows has continued for the 35th consecutive month.

Now the total AUM has reached this level.

Stockbroking company Prabhudas Leeladhar highlighted these figures in its Vintage Wealth Products report for February. According to the report, the aggregate assets under management (AUM) by mutual funds increased to Rs 52.74 lakh crore in January 2024. Earlier in December 2023, mutual funds’ assets under management stood at Rs 50.78 lakh crore. In December 2023, for the first time, assets under management of mutual funds in India crossed the Rs 50 lakh crore mark.

SIP hit a record in January

Investing in mutual funds through SIP is constantly increasing. According to the report, during the month of January, investments of Rs 18,838 crore in mutual funds came through SIP. This is the highest investment through SIP in a single month. Earlier in December 2023, investments of Rs 17,610 crore came through SIP.

This trend continues from March 2021.

Record investments in equity mutual funds are trending. Equity mutual fund inflows rose 28% to Rs 21,780 crore in the month of January. This is the 35th consecutive month that equity mutual funds have seen inflows. This trend of inflows into equity mutual funds has continued unchanged since March 2021.

Top performers in their respective categories

According to the report, in the last one year, Nippon India Large Cap Fund gave the highest return in the large cap category at 36.27%. In the mid-cap category, Quant Mid-Cap Fund posted the highest return of 51.87%. Among the small cap funds, the top performer was the Bond Small Cap Fund, which returned 69.39 percent in the last one year. In the small cap category, Nippon India Small Cap Fund also returned 56.71 percent, over 50 percent.

Disclaimer: The information provided here is for information only. It is important to mention here that investment in markets/mutual funds is subject to market risks. As an investor, always consult an expert before investing. never advises anyone to invest money.

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