Mutual Fund’s AAUM grows 36% YoY, reveals ICRA report
An average annual growth of 36 per cent and 2.8 per cent monthly growth has been witnessed in the Average Assets Under Management (AAUM) of the Indian mutual fund industry. As per a report by ICRA Analytics, the AAUM came at Rs. 58.60 lakh crore in May 2024.
The report further revealed that total assets of T30 cities rose 2.68 per cent month-on-month (MoM) to Rs. 48.11 lakh crore in May 2024 when compared to Rs. 46.85 lakh crore in the previous month. While the total assets of B30 cities increased 3.23 per cent to Rs. 10.49 lakh crore in May 2024 against 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 per cent, respectively.
Furthermore, the exposure towards equity assets for B30 locations increased on a yearly basis. Nearly 87 per cent of the assets from B30 locations were in equity schemes and the remaining in non-equity schemes in May 2024, while 80 per cent 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 per cent of assets and the rest in non-equity schemes in May 2024, while 60 per cent of the assets from T30 locations were in equity schemes and the remaining in non-equity schemes in May 2023.