In a positive development for the market, the mutual fund industry maintained its upward momentum in 2024, with assets rising by an impressive ₹17 lakh crore. This growth was driven by strong equity markets, robust economic expansion, and an increasing number of investors, all of which contributed to the remarkable surge in assets.
As per the data, the Industry’s assets under management (AUM) of the mutual fund industry rose to an all-time high of Rs 68 lakh crore in 2024(till November-end), marking a 33% growth from Rs 50.78 lakh crore at the end of December 2023. This year’s tally does not include December number which will come out in the first week of 2025.
Meanwhile, the asset base stood at around Rs 40 lakh crore at the end of December 2022, Rs 37.72 lakh crore at the end of December 2021 and Rs 31 lakh crore in December 2020. The 2024 also marked the 12th consecutive yearly rise in the industry AUM after a drop in two preceding years. This growth in the industry was supported by inflows in equity schemes, especially Systematic Investment Plans (SIPs), which have been witnessing continuous net inflow on a monthly basis since March 2021.
In 2024, the equity markets played a key role in the surge, with the Nifty 50 and BSE Sensex indices rising by 8.5% and 8%, respectively. Additionally, the government’s capital expenditure until October 2024 reached ₹4,66,545 crores, which is just 42% of the budgeted ₹11,11,111 crores for FY25.
