NEW DELHI New Delhi: Assets under management (AUM) of mutual funds in the country increased by a record 12.3 per cent to Rs 66.2 lakh crore in the July-September period. This is the largest quarterly growth in mutual fund assets in India in the last five years. The average asset under management in the April-June period in 2024 was Rs 59 lakh crore. According to experts, “The latest surge in AUM is a result of the stock market rally and equity This is due to record investment in the schemes.”
Benchmark indices Nifty and Sensex rose about 7 per cent in the September quarter. Amid this boom, investors have invested Rs 75,000 crore in equity schemes in July and August. This also includes investments made under the new fund. Along with the increase in AUM, SIP also remains at a record high. Investments through SIPs stood at Rs 23,547 crore in August, while the figure was Rs 23,332 crore in July. According to data from the Association of Mutual Funds in India (AMFI), Rs 1.6 lakh crore was infused into debt funds in the period from July to August. Record investment has taken place.
In the second quarter of the financial year 2024-25, the AUM of the country's largest fund house SBI has increased by Rs 1.1 lakh crore to Rs 11 lakh crore in the second quarter as compared to the previous quarter. The AUM of ICICI Prudential Mutual Fund, the country's second largest fund house, has increased by Rs 90,000 crore to Rs 8.4 lakh crore in the July-September period compared to the previous quarter. The AUM of HDFC Mutual Fund, the country's third largest fund house, has increased to Rs 5.5 lakh crore.
Meanwhile, participation of small-town investors in the stock market has increased rapidly in recent months as the mutual fund industry added 2.3 crore investor folios from April to August 2024, with more than 50 per cent of them coming from such areas.
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