India’s mutual fund industry reached a new high, with Assets Under Management (AUM) crossing ₹51.09 Lakh Cr in December 2023, driven by consistent inflows and a rally in the equity market.
Equity mutual funds experienced their 34th consecutive month of inflows, registering a 9.4% increase. However, Large Cap funds saw an outflow of ₹281 Cr.
Hybrid schemes continued to attract investors with a net inflow of ₹15k Cr, and Arbitrage funds remained a popular choice.
The Avg. AUM of passive funds increased by 6.4%.
The average AUM of Debt funds decreased by 1.28%, with a net outflow of Rs. 75.56k crores. This decline was primarily due to outflows from Liquid, Low Duration, and Money Market funds, largely attributed to quarterly advance tax payments. This indicates a cyclical movement in debt funds influenced by tax-related liquidity needs.
For a comprehensive understanding and more insights, please go through our detailed Mutual Fund Flow report.