The Mutual Fund industry saw a remarkable surge of 22.25% in Average AUM YoY to ₹49.22 Lakh Crores in the Oct-Dec 2023 quarter. This notable increase reflects a robust growth of 4.74% over the previous quarter’s ₹46.99 Lakh Crores, showcasing the industry’s resilience and investor confidence during a standout financial period.
SBI Mutual Fund solidifies its leadership, holding the top position for a remarkable 16th consecutive quarter.
The top 10 Asset Management Companies (AMCs) played a pivotal role in the Mutual Fund industry’s growth, contributing a significant 68% to the increase in Average AUM for the last quarter.
In the December quarter, Bajaj Finserv Mutual Fund, WhiteOak Capital Mutual Fund, Quant Mutual Fund, 360 ONE Mutual Fund, and Mahindra Manulife Mutual Fund demonstrated notable performance in terms of percentage growth in Average AUM, compared to the previous quarter.
Old Bridge Mutual Fund, Helios Mutual Fund, and Zerodha Mutual Fund are the latest entrants in the Mutual Fund industry, marking a new phase of diversity and competition in the sector.
For a comprehensive understanding and more insights, please go through our detailed report.