The mutual fund industry in India has witnessed remarkable growth in 2024, with data from the Association of Mutual Funds in India (AMFI) showcasing significant expansion across multiple fund houses. In this analysis, we explore the asset under management (AUM) growth trends, highlighting the leading players and their performance over the past year.
SBI Mutual Fund has emerged as the leader in absolute AUM growth. Its AUM increased by ₹2.63 lakh crore, climbing from ₹8.51 lakh crore in December 2023 to ₹11.14 lakh crore in December 2024.
ICICI Prudential MF holds the second position, with its AUM growing by ₹2.59 lakh crore. The fund house’s AUM rose from ₹6.15 lakh crore in December 2023 to ₹8.74 lakh crore in December 2024.
HDFC MF ranks third, recording an AUM growth of ₹2.36 lakh crore. Its AUM expanded from ₹5.52 lakh crore in December 2023 to ₹7.87 lakh crore in December 2024.
Nippon India MF and Kotak MF secured the 4 and 5 spots, respectively, in absolute AUM growth.
Several other fund houses reported an increase in AUM exceeding ₹1 lakh crore, including UTI MF, Aditya Birla Sun Life MF, Axis MF, DSP MF, and Tata MF. These fund houses continue to consolidate their positions in the industry through diversified investment strategies.
Helios MF recorded a remarkable 649% growth, with its AUM rising from ₹392 crore to ₹2,936 crore over the year. The fund house’s innovative approach has been instrumental in this success.
Bajaj Finserv MF, JM Financial MF, and Shriram MF also demonstrated robust growth of over 150% in their AUM during 2024, showcasing strong market penetration.
The overall mutual fund industry recorded an impressive AUM growth of ₹19.39 lakh crore in 2024, rising from ₹49.23 lakh crore in December 2023 to ₹68.62 lakh crore in December 2024. This 40% increase reflects the expanding investor base and growing preference for mutual funds as an investment avenue.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: Jan 12, 2025, 8:35 AM IST
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