AAUM of the Indian mutual fund industry witnessed an annual growth of 36% and a monthly growth of 2.8%
FinTech BizNews Service
Mumbai, June 28, 2024: The Average Assets Under Management (AAUM) of the Indian mutual fund industry witnessed an annual growth of 36% and a monthly growth of 2.8%. The AAUM came at Rs. 58.60 lakh crore in May 2024, according to a report of the ICRA Analytics.
Total assets of T30 cities rose 2.68% MoM to Rs. 48.11 lakh crore in May 2024 compared to Rs. 46.85 lakh crore in the previous month. The total assets of B30 cities increased 3.23% to Rs. 10.49 lakh crore in May 2024 compared to Rs. 10.16 lakh crore in the previous month. On a year-on-year basis, total assets of T30 and B30 centres increased by 35% and 44%, respectively.
The exposure towards equity assets for B30 locations increased on a yearly basis. Nearly 87% of the assets from B30 locations were in equity schemes and the remaining in non-equity schemes in May 2024, while 80% of the assets from B30 locations were in equity schemes and the remaining in non-equity schemes in May 2023.
For T30 locations, equity-oriented schemes accounted for 67% of assets and the rest in non-equity schemes in May 2024, while 60% of the assets from T30 locations were in equity schemes and the remaining in non-equity schemes in May 2023.
