MUMBAI, 08 DECEMBER, 2020 (GPN): Commenting on the November 2020 Mutual Fund data, Mr. N S Venkatesh, Chief Executive, AMFI said: “Accommodative credit policy stance, continuous global liquidity flows, coupled with improved economic sentiment driven by healthier corporate earnings and positive GDP growth forecast has led to Indian Mutual Fund Industry AUMs crossing historic highs and touching highest ever INR 30 lakh crores landmark. Investors are aligning their allocation in Debt schemes more towards duration schemes and corporate bond funds to maximize their debt returns, and on the other hand booking their profits in equity funds owing to surge in equity valuations. It is also significant to note that there has been a healthy addition of 3.39 lakh SIP accounts”

	Data as on 31-Oct-20	Data as on 30-Nov-20
No. of SIP Accounts	3,37,26,609	3,40,66,147
SIP Contribution Rs. in crore	7,799.98	7,302.16
SIP AUM as at the end of the month Rs. in crore	3,42,018.10	3,78,286.39