MUMBAI: The Indian mutual fund trade‘s belongings underneath administration crossed the Rs 50-lakh-crore mark in December 2023 for the primary time.
In 10 years, the trade AUM has grown over six occasions from about Rs 8 lakh crore in 2013 to over Rs 50 lakh crore by 2023, knowledge launched by the trade commerce physique Amfi confirmed. The trade had taken nearly 50 years to amass its first Rs 10-lakh-crore AUM, whereas the most recent Rs 10 lakh crore got here in simply over a yr, Amfi chief government Venkat Chalasani mentioned.
On the finish of the month, complete AUM of the trade was Rs 50.8 lakh crore. Month-to-month gross inflows by means of systematic funding plans additionally topped Rs 17,600 crore, a brand new all-time peak, knowledge confirmed. Final month, the mutual fund trade recorded one other milestone of the overall SIP AUM crossing the Rs 10-lakh-crore mark for the primary time.
Amfi mentioned this was “a big testimony to the strong development and resilience of the trade” that got here “towards the backdrop of India’s development story, highlighting the trade’s potential to win investor belief by offering low value, long-term oriented wealth creation avenues”. “Your complete mutual fund trade together with the AMCs and the regulator have put in targeted efforts to succeed in traders throughout the nation with help from MF distributors,” Chalasani added.
Final month, equities funds collectively recorded a internet influx of almost Rs 17,000 crore – their thirty fourth month of constructive inflows ranging from March 2021, Amfi mentioned. Amongst numerous sorts of fairness schemes, sectoral & thematic ones took in Rs 6,005 crore whereas small cap ones obtained Rs 3,866 crore.
As well as, hybrid funds recorded a internet influx of Rs 15,009 crore of which, Rs 10,645 crore got here into arbitrage funds alone, Amfi knowledge confirmed. In distinction, debt funds witnessed a internet outflow value Rs 75,560 crore primarily owing to a internet outflow of Rs 39,675 crore from in a single day schemes. A number of different quick period funds additionally recorded internet outflow, largely to satisfy advance tax obligations by corporates, trade gamers mentioned.
In December alone, almost Rs 10,000 crore got here by means of the brand new fund provide route, Amfi knowledge confirmed. Of the overall, slightly over Rs 7,800 crore got here in open-ended schemes whereas the steadiness was in closed-ended ones.
In 10 years, the trade AUM has grown over six occasions from about Rs 8 lakh crore in 2013 to over Rs 50 lakh crore by 2023, knowledge launched by the trade commerce physique Amfi confirmed. The trade had taken nearly 50 years to amass its first Rs 10-lakh-crore AUM, whereas the most recent Rs 10 lakh crore got here in simply over a yr, Amfi chief government Venkat Chalasani mentioned.
On the finish of the month, complete AUM of the trade was Rs 50.8 lakh crore. Month-to-month gross inflows by means of systematic funding plans additionally topped Rs 17,600 crore, a brand new all-time peak, knowledge confirmed. Final month, the mutual fund trade recorded one other milestone of the overall SIP AUM crossing the Rs 10-lakh-crore mark for the primary time.
Amfi mentioned this was “a big testimony to the strong development and resilience of the trade” that got here “towards the backdrop of India’s development story, highlighting the trade’s potential to win investor belief by offering low value, long-term oriented wealth creation avenues”. “Your complete mutual fund trade together with the AMCs and the regulator have put in targeted efforts to succeed in traders throughout the nation with help from MF distributors,” Chalasani added.
Final month, equities funds collectively recorded a internet influx of almost Rs 17,000 crore – their thirty fourth month of constructive inflows ranging from March 2021, Amfi mentioned. Amongst numerous sorts of fairness schemes, sectoral & thematic ones took in Rs 6,005 crore whereas small cap ones obtained Rs 3,866 crore.
As well as, hybrid funds recorded a internet influx of Rs 15,009 crore of which, Rs 10,645 crore got here into arbitrage funds alone, Amfi knowledge confirmed. In distinction, debt funds witnessed a internet outflow value Rs 75,560 crore primarily owing to a internet outflow of Rs 39,675 crore from in a single day schemes. A number of different quick period funds additionally recorded internet outflow, largely to satisfy advance tax obligations by corporates, trade gamers mentioned.
In December alone, almost Rs 10,000 crore got here by means of the brand new fund provide route, Amfi knowledge confirmed. Of the overall, slightly over Rs 7,800 crore got here in open-ended schemes whereas the steadiness was in closed-ended ones.
