Abhijit Powar No Comments

In an impressive display of resilience and investor confidence, the Mutual Fund industry experienced a remarkable surge, with the Average Assets Under Management (AAUM) increasing by 34% year-on-year to reach ₹54.13 Lakh Crores in the January-March, 2024 quarter.

SBI Mutual Fund solidifies its leadership, holding the top position for a remarkable 17th consecutive quarter.

The mutual fund landscape shows exceptional stability with the top eight and top three firms retaining their ranks for 11 straight quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, reflecting a period of steady dominance in the industry.

The top 10 Asset Management Companies (AMCs) played a pivotal role in the Mutual Fund industry’s growth, contributing a significant 72% to the increase in Average AUM for the last quarter.

For a comprehensive understanding and more insights, please go through our detailed report.