Ever since the interest on bank FDs has decreased, people have turned to the mutual fund market. Investment records are being broken every month. This month, for the first time, the monthly mutual fund SIP crossed the Rs 25,000 crore mark. This month the monthly SIP reached Rs 25,323 crore. A month before this, i.e. in September 2024, it was Rs 24,509 crore. A year ago, i.e. in September 2023, it was recorded at Rs 16,928 crore.
Sectoral and thematic funds preferred
Among equity categories, all 11 categories saw investments in the month under review. Sectoral and thematic funds saw the highest investments in October 2024. Around Rs 12,278 crore was invested in these. Flexi cap funds saw investments of Rs 5,180 crore as against Rs 3,214 crore in September.
Increasing investment
During this period, it has been observed that two categories – Focused Fund and ELSS Fund – have been witnessing continuous withdrawals for the last six months. Investments were made in October. Rs 693 crore was invested in Focused Fund and Rs 383 crore in ELSS Fund. Investments were made in all debt mutual fund categories except medium term and credit risk funds in October. The highest investment of Rs 83,863 crore was made in Liquid Fund, followed by Rs 25,783 crore in Overnight Fund.
Increased investment in hybrids
Total investments in hybrid mutual fund categories rose 244% to Rs 16,863 crore in October from Rs 4,901 crore in September. Net investments in other categories, including index funds and ETFs
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Investments rose 620% to Rs 23,428 crore in October from Rs 3,254 crore in September. Investments were made across four categories.
Across Total AUM
The total assets under management (AUM) of mutual funds reached an all-time high of Rs 66.98 lakh crore during October 2024. It was Rs 66.82 lakh crore in September. This shows a marginal increase of 0.25%.