India’s mutual fund folios climbed to a record 22.5 crore ($2.6 million) in December 2024, according to AMFI data. Retail mutual fund folios, covering equity, hybrid, and solution-focused schemes, grew to 17.89 crore ($2.1 million), up from 17.54 crore ($2.0 million) in November. Retail Assets Under Management (AUM) increased slightly, reaching $464,880 million from $462,230 million.
Systematic Investment Plans (SIPs) recorded strong growth, with 5.43 million new registrations. The SIP AUM reached $158,770 million, while monthly SIP contributions hit a record $3,080 million, underlining investors’ commitment to long-term financial goals.
Equity mutual funds saw a 14.5% rise in inflows, totaling $4,790 million in December 2024, compared to $4,190 million in November. This marked the 46th straight month of positive equity inflows since March 2021. Retail investor confidence remained firm, driven by interest in sectoral and thematic funds, particularly in mid and small-cap segments.
The number of SIP accounts surged to 103.2 millions, showcasing the increasing popularity of systematic and disciplined investing. These achievements highlight the resilience and optimism of India’s mutual fund industry as retail investors prioritize wealth-building strategies.
