New Record: Mutual Fund AUM Crosses Rs. 67.81 Lakh Crore at the End of 2024
Asset Under Management (AUM) is the total market value of the investment that is handled by a person on behalf of investors. The AUM increased by 29% in 2024 from Rs. 52.44 lakh crore in January it went up to Rs. 67.81 lakh crore in November, with equity mutual funds leading the growth.
Equity mutual funds saw an increase in the total AUM of 35% in 2024 from Rs 22.50 lakh crore in January, and in November it increased by Rs 30.35 lakh crore. There are 11 equity mutual fund categories in which sectoral and thematic funds experienced the maximum growth of approx. 70%. sectoral and thematic funds AUM have increased from 2.71 lakh crore in January and in November it is increased by 4.61 lakh crore.
The second highest category of equity mutual funds was multi-cap funds, which recorded an increase of 51% in the total AUM. Large-cap and mid-cap AUM raised by 38% from Rs. 1.94 lakh in January and in November it increased by 2.68 lakh crore. The AUM of mid-cap and small-cap funds has experienced an increase of 34% and 32% in 2024.
The other equity mutual fund scheme, which involves index funds, ETFs, and gold ETFs, saw an increase in AUM in January by 28% from Rs. 8.33 lakh crore, and in November it increased Rs. 11.29 lakh crore in 2024. The Gold ETF has experienced the maximum increase in asset size of approx. 59%, followed by index funds that experienced an increase of 34% during the given time. Other ETFs and fund of funds investing overseas saw an increase of 25% and 11% in 2024, respectively.
Equity-saving funds experienced a growth of 53% in the assets under management in 2024. The arbitrage funds and dynamic asset allocation/balanced advantage funds saw an increase of 37% and 19%, respectively. The aggressive hybrid funds noticed an increase of 16% in 2024 from Rs 1.91 lakh crore in January, and in November it increased by Rs 2.22 lakh crore. Conservative hybrid funds increased by 8% in the AUM during the mentioned period.
The hybrid mutual funds increased by 27% in the assets under management in 2024 from Rs 6.90 lakh crore in January and Rs 8.77 lakh crore in November. In the six sub-categories of hybrid mutual funds, multi-asset allocation funds saw the maximum growth. The multi-asset allocation saw an increase of 69% in 2024 from Rs 60,324 crore in January, and in November it surged by Rs 1.01 lakh crore.
Debt mutual funds and solution-oriented funds increased by 22% each in 2024. From the 16 debt mutual funds sub-categories, long-duration funds saw a maximum increase of 76% from Rs 11,057 crore in January to Rs 19,444 crore in November. Money market funds AUM, saw an increase of 64%, followed by gilt funds, which experienced an increase of 56% in 2024.
Through the solution-oriented fund. The AUM of retirement funds and children’s funds rose by 24% and 20% in 2024.
liquid funds AUM increased by 23%, which is followed by ultra-short-duration funds that experienced an increase of 21% during the same period. Credit risk funds AUM decreased by 11% in 2024 from Rs 23,499 crore in January and Rs 21,006 crore in November. Floater funds experienced a reduction of 7% in 2024. The AUM of medium-duration funds and banking and PSU funds decreased by 3% and 2% in 2024.
