The Indian mutual fund industry enjoyed a significant year in FY24, achieving its best performance since 2021 with a 35% growth. This resulted in record-breaking Assets Under Management (AUM) of Rs 53.40 lakh crore by March 2024, a jump from Rs 39.42 lakh crore the previous year.
Individual Investors Drive Growth:
Individual investors played a major role, contributing 60% of the total AUM, compared to 40% from institutional investors. Women investors also showed promising participation, accounting for approximately 23% of the total AUM.
Equity Funds Lead the Charge:
Equity-oriented mutual funds surged by an impressive 55% to reach Rs 23.50 lakh crore in AUM. This growth was fueled by strong inflows and positive market movements (mark-to-market gains). Notably, the equity category saw net inflows of Rs 1.84 lakh crore during the fiscal, compared to Rs 1.47 lakh crore the previous year.
Multi-Cap Funds Shine Brightest:
Among equity categories, multi-cap funds emerged as the leader, boasting an 85% growth in FY24. Small-cap funds followed closely behind with an 82% increase.
SIPs Fuel Continuous Growth:
Systematic Investment Plans (SIPs) maintained their upward trend, reaching a monthly net inflow of approximately Rs 19,300 crore in March 2024. This translates to a total of around Rs 2 lakh crore for FY24, a significant rise from Rs 1.55 lakh crore the previous year.
Looking Forward:
The AMFI emphasizes its commitment to empowering investors and promoting financial well-being, even as the market landscape evolves.
Additional Notes:
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