Key Points
The asset base for SIP rose 3.12% in January to Rs 10.26 lakh crore..
The number of SIP accounts stood at the highest ever of 791.71 lakh in January, compared to 763.65 lakh in December..
The average asset under management (AAUM) for mutual funds in January stood at Rs 52.89 lakh crore compared to Rs 51.09 lakh crore in December...
The retail AUM, which includes equity, hybrid and solution-oriented schemes stood at Rs 29.88 lakh crore, with an average AUM of 29.56 lakh crore...
The surge in SIP accounts to an unprecedented 7.92 crores in January 2024, coupled with the milestone of 51.84 lakhs new SIP registrations, underscores the unwavering commitment of investors towards disciplined wealth creation..
