Mutual fund
Half of India’s mutual fund investment comes from only 5 cities. This has been revealed by a report by the asset management firm Abacus. According to the report, Mumbai, Delhi, Bangalore, Pune and Kolkata are the top five cities, which contribute about 50 per cent of mutual funds in India. The data released by the report also states that Mumbai ranks first with about 27.29 per cent of the total asset under management (AUM). The total AUM of this city is Rs 18.92 lakh crore.
AUM crosses Rs 68 lakh crore
The national capital Delhi ranks second with a total AUM of Rs 8.5 lakh crore or 12.25 percent. Bengaluru is at third place with Rs 3.8 lakh crore or 5.48 percent of the total investment in mutual funds. According to the report, Pune is share of Rs 2.7 lakh crore or 3.9 percent. At the same time, Kolkata is ranked fifth in the list with an investment of Rs 2.4 lakh crore in the mutual fund or 3.48 percent of the total AUM. The Indian mutual fund industry touched new heights in 2024. It has crossed Rs 68 lakh crore in the case of Asset Under Management (AUM).
Great growth in 2024
According to AMFI data, the Mutual Fund industry AUM crossed Rs 68 lakh crore in 2024 by November 2024. In December 2023, the AUM was Rs 50.78 lakh crore. This means that AUM has increased by 34 percent in this period. The maximum increase occurred in equity mutual funds. Equity mutual fund AUM was Rs 30.5 lakh crore. Thus it was 45 percent of the total AUM.
Doubled in 18 months
A decade ago the Indian equity mutual fund AUM was only Rs 1.9 lakh crore. In August 2023, AUM crossed Rs 30 lakh crore for the first time. This shows that the AUM has exceeded double in less than 18 months. The SIP AUM reached an all -time high of Rs 13.54 lakh crore in November 2024. SIP accounts also reached a record high of 10.23 crore in November 2024, which was 10.12 crore in September 2024. The monthly SIP inflow saw a great growth of 48 percent year-on-year, which increased from Rs 17,073 crore in November 2023 to Rs 25,320 crore in November 2024. SIP has become a foundation for wealth creation for Indian retail investors. But with a decline in markets, equity mutual funds have seen a decrease of up to 20 percent in the last nine months.
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