Mutual fund industry

Indian Mutual Fund Industry Sees 6-Folds Growth in 10 Years, AUM Surpasses Rs 61 Lakh Crore

Strategic Insights

Jul 8, 2024 — 1 min read

The Indian mutual fund industry's net assets under management (AUM) have increased significantly over the past decade, with a 6-fold growth to reach over Rs 61 lakh crore in June 2024. The industry's AUM stood at Rs 10 lakh crore in May 2014, when the Narendra Modi-led BJP came to power. The last Rs 10 lakh crore was added in just six months, highlighting the industry's rapid growth.

Key Takeaways:

The Indian mutual fund industry's AUM has risen by 6 folds to over Rs 61 lakh crore in the last 10 years, with the latest figure standing at Rs 61.3 lakh crore as of June 2024.
The last Rs 10 lakh crore was added to the AUM by the mutual fund industry in just six months, a significant increase from the previous year.
Equity mutual fund investors poured in Rs 40,608 crore in June against Rs 34,697 crore in the previous month, with the highest inflows in over 50 months.
The overall AUM of equity-oriented schemes stood at Rs 27 lakh crore in June 2024, with multicap, large and midcap, flexicap contributing 10% each.
Mutual fund SIP inflows rose to Rs 21,262 crore in June, with 55 lakh new SIPs opened, taking the total number of SIPs to 8.98 crore.
Sectoral themes are seeing strong interest, with most categories in equity being positive, including Value and Contra, which were previously tepid.
Fixed income flows have been negative, except for money market and low-duration funds, which saw positive flows driven by higher yields and quarterly crossover investments.

Statistics:

6-roll growth in AUM: Rs 10 lakh crore in 2014 to Rs 61.3 lakh crore in June 2024.
Equity inflows: Rs 40,608 crore in June 2024, highest in over 50 months.
SIP inflows: Rs 21,262 crore in June 2024, with 55 lakh new SIPs opened.
Total SIPs: 8.98 crore as of June 2024.
Overall AUM of equity-oriented schemes: Rs 27 lakh crore in June 2024.
Top performing equity MF segments: Small Cap -- 20.30% annualised, Mid Cap -- 18.90% annualised.

Sources:

AMFI data on AUM
Tata Asset Management
IE Online Media Services Pvt. Ltd., distributed by Contify.com

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