Business

Mutual Fund AUM Rises 29% In 2024; Equity Funds Lead Growth

The assets under management (AUM) of open-ended mutual funds jumped nearly 29% in 2024, rising from ₹52.44 lakh crore in January to ₹67.81 lakh crore in November. Equity mutual funds drove this growth with a 35% increase in their AUM, reaching ₹30.35 lakh crore.

Equity Funds Shine

Sectoral and thematic funds saw the highest growth among equity categories, with their AUM surging 70% from ₹2.71 lakh crore in January to ₹4.61 lakh crore in November. Multi-cap funds followed, with a 51% increase, while large & mid-cap funds grew by 38%. Mid-cap and small-cap funds saw growth of 34% and 32%, respectively.

Also Read: Online Gaming Sector to Drive India’s $1 Trillion Digital Economy Goal

Gold ETFs, Index Funds See Strong Growth

Other schemes, including index funds, ETFs, and gold ETFs, recorded a 28% rise in AUM, from ₹8.83 lakh crore in January to ₹11.29 lakh crore in November. Gold ETFs led with a 59% surge, followed by a 34% increase in index funds.

Hybrid Funds Expand

Hybrid mutual funds grew by 27%, reaching ₹8.77 lakh crore in November. Multi-asset allocation funds led the way with a 69% rise, followed by equity savings funds at 53%. Arbitrage funds grew by 37%, while balanced advantage funds saw a 19% increase.

Debt Funds Show Mixed Trends

Debt mutual funds posted a 22% increase in AUM. Long-duration funds led with a 76% rise, followed by money market funds at 64% and gilt funds at 56%. However, some categories like credit risk funds and floater funds saw declines of 11% and 7%, respectively.

Solution-Oriented Funds Gain Ground

Solution-oriented funds also grew by 22%. Retirement funds rose by 24%, while children’s funds grew by 20%.

Shibra Arshad

Recent Posts

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

12 mins ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

1 hour ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

2 hours ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

2 hours ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

2 hours ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

3 hours ago