Equity AUM of domestic MFs rise for 11th consecutive year in India, net inflows surge
Mumbai: Domestic mutual funds (MFs) saw their equity asset under management (AUM) rise for the 11th consecutive year to Rs 33.4 lakh crore (40 per cent year-on-year growth) in 2024, a report showed on Tuesday. The AUM growth was fuelled by an uptrend in market indices (Nifty 9 per cent growth) and higher equity scheme
Mumbai: Domestic mutual funds (MFs) saw their equity asset under management (AUM) rise for the 11th consecutive year to Rs 33.4 lakh crore (40 per cent year-on-year growth) in 2024, a report showed on Tuesday.
The AUM growth was fuelled by an uptrend in market indices (Nifty 9 per cent growth) and higher equity scheme sales (Rs 9.12 lakh crore or 69 per cent growth), said Motilal Oswal’s Fund Folio Report.
However, redemptions also rose 40 per cent to Rs 4.64 lakh crore, leading to a rise in net inflows (more than double) to Rs 4.47 lakh crore in 2024 (all-time high) from Rs 2.06 lakh crore in CY23.
The mutual fund industry’s total AUM increased 32 per cent to Rs 66.9 lakh crore in CY24, propelled by the growth in equity funds, liquid funds, balanced funds, other ETFs funds, and income funds.
“Investors continued to park their money in mutual funds, with inflows and contributions in systematic investment plans (SIPs) reaching a new high of Rs 26,460 crore in December 24 (up 50.2 per cent YoY),” the report noted.
In December, MFs showed interest in healthcare, retail, consumer durables, technology and real estate, leading to a month-on-month rise in their weights.
Private banks (16.6 per cent) was the top sector holding for MFs in December, followed by technology (9.4 per cent), automobiles (8.2 per cent), and capital goods (7.8 per cent).
Consumer durables, retail, real estate, healthcare and textiles witnessed the maximum increase in value MoM.
The latest data by the Association of Mutual Funds of India (AMFI) showed that actively managed equity mutual fund inflows saw over 14 per cent monthly growth at Rs 41,155.9 crore in the month of December. The growth in equity mutual fund inflows came as thematic/sectoral and small-cap funds saw higher investments.
The mutual fund industry’s AUM saw significant growth over the last decade, as it increased by a whopping 524 per cent to 68.08 lakh crore in November 2024 from 10.9 lakh crore in November 2014.
–IANS
PM Modi congratulates people of Odisha for MoU signing on Ayushman Bharat
Next ArticlePension for detainees during Emergency: Odisha officials told to prepare error-free list of beneficiaries
Related Articles
अर्थव्यवस्थाDiwali sales hit record Rs 5.40 lakh crore over GST reforms, robust consumer demand
New Delhi: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country’s retail and trading history. This marks a 25 per cent
अर्थव्यवस्थाGold prices touch new high on Dhanteras amid strong festive demand
Mumbai: As Diwali approaches, the gold prices have hit a new high amid increasing global uncertainties, including trade tensions and softening macro data, prompting a flight to safety. Last month, gold prices jumped by Rs 20,073 per 10 gram or 18 per cent, triggering a strong sense of FOMO (fear of missing out), as every
अर्थव्यवस्थाInflation burden eases further for India’s farm, rural workers in September
New Delhi: The year-on-year inflation rate for agricultural labourers and rural Labourers stood at -0.07 per cent and 0.31 per cent, respectively, in September, figures released by the Ministry of Labour and Employment showed on Saturday. The All-India Consumer Price Index for agricultural labourers decreased by 0.11 points to 136.23, while the index for rural