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.
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
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 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 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 also grew by 22%. Retirement funds rose by 24%, while children’s funds grew by 20%.
PM Modi discusses India’s expanding role and future vision in the global steel industry at…
Adani Energy Solutions Ltd (AESL) posted a record FY25 performance, with PAT soaring 103% YoY…
On 21 April 2025, the Delhi Municipal Corporation Engineering Dept Mazdoor Sangh honoured Amit Kumar…
The Calcutta HC observed a two-minute silence to honour Pahalgam terror attack victims, following Chief…
The CWC on Thursday condemned the Pahalgam terror attack and directly blamed Pakistan for orchestrating…
According to police sources