MUMBAI: The Indian mutual fund industry‘s assets under management crossed the Rs 50-lakh-crore mark in December 2023 for the first time.
In 10 years, the industry AUM has grown over six times from about Rs 8 lakh crore in 2013 to over Rs 50 lakh crore by 2023, data released by the industry trade body Amfi showed. The industry had taken almost 50 years to amass its first Rs 10-lakh-crore AUM, while the latest Rs 10 lakh crore came in just over a year, Amfi chief executive Venkat Chalasani said.
At the end of the month, total AUM of the industry was Rs 50.8 lakh crore. Monthly gross inflows through systematic investment plans also topped Rs 17,600 crore, a new all-time peak, data showed. Last month, the mutual fund industry recorded another milestone of the total SIP AUM crossing the Rs 10-lakh-crore mark for the first time.
Amfi said this was “a significant testimony to the robust growth and resilience of the industry” that came “against the backdrop of India’s growth story, highlighting the industry’s ability to win investor trust by providing low cost, long-term oriented wealth creation avenues”. “The entire mutual fund industry including the AMCs and the regulator have put in focused efforts to reach investors across the country with support from MF distributors,” Chalasani added.
Last month, equities funds together recorded a net inflow of nearly Rs 17,000 crore – their 34th month of positive inflows starting from March 2021, Amfi said. Among various types of equity schemes, sectoral & thematic ones took in Rs 6,005 crore while small cap ones got Rs 3,866 crore.
In addition, hybrid funds recorded a net inflow of Rs 15,009 crore of which, Rs 10,645 crore came into arbitrage funds alone, Amfi data showed. In contrast, debt funds witnessed a net outflow worth Rs 75,560 crore mainly owing to a net outflow of Rs 39,675 crore from overnight schemes. Several other short duration funds also recorded net outflow, mostly to meet advance tax obligations by corporates, industry players said.
In December alone, nearly Rs 10,000 crore came through the new fund offer route, Amfi data showed. Of the total, a little over Rs 7,800 crore came in open-ended schemes while the balance was in closed-ended ones.
In 10 years, the industry AUM has grown over six times from about Rs 8 lakh crore in 2013 to over Rs 50 lakh crore by 2023, data released by the industry trade body Amfi showed. The industry had taken almost 50 years to amass its first Rs 10-lakh-crore AUM, while the latest Rs 10 lakh crore came in just over a year, Amfi chief executive Venkat Chalasani said.
At the end of the month, total AUM of the industry was Rs 50.8 lakh crore. Monthly gross inflows through systematic investment plans also topped Rs 17,600 crore, a new all-time peak, data showed. Last month, the mutual fund industry recorded another milestone of the total SIP AUM crossing the Rs 10-lakh-crore mark for the first time.
Amfi said this was “a significant testimony to the robust growth and resilience of the industry” that came “against the backdrop of India’s growth story, highlighting the industry’s ability to win investor trust by providing low cost, long-term oriented wealth creation avenues”. “The entire mutual fund industry including the AMCs and the regulator have put in focused efforts to reach investors across the country with support from MF distributors,” Chalasani added.
Last month, equities funds together recorded a net inflow of nearly Rs 17,000 crore – their 34th month of positive inflows starting from March 2021, Amfi said. Among various types of equity schemes, sectoral & thematic ones took in Rs 6,005 crore while small cap ones got Rs 3,866 crore.
In addition, hybrid funds recorded a net inflow of Rs 15,009 crore of which, Rs 10,645 crore came into arbitrage funds alone, Amfi data showed. In contrast, debt funds witnessed a net outflow worth Rs 75,560 crore mainly owing to a net outflow of Rs 39,675 crore from overnight schemes. Several other short duration funds also recorded net outflow, mostly to meet advance tax obligations by corporates, industry players said.
In December alone, nearly Rs 10,000 crore came through the new fund offer route, Amfi data showed. Of the total, a little over Rs 7,800 crore came in open-ended schemes while the balance was in closed-ended ones.
