In an impressive display of resilience and investor confidence, the Mutual Fund industry has witnessed a remarkable surge. The Average Assets Under Management (AAUM) increased by an astounding 8.93% quarter-on-quarter, reaching a significant ₹58.96 Lakh Crs in the April-June 2024 quarter.
SBI Mutual Fund continues to solidify its leadership, proudly holding the top position for an impressive 18th consecutive quarter.
The mutual fund landscape demonstrates exceptional stability, with the top eight and top three firms retaining their ranks for an impressive 12 consecutive quarters. Additionally, the ranking of the top 10 Asset Management Companies (AMCs) remains unchanged, highlighting a period of steady dominance in the industry.
quant Mutual Fund, Bajaj Finserv Mutual Fund and JM Financial Mutual Fund have improved their overall rankings among mutual funds compared to previous quarters.
For a comprehensive understanding and more insights, please go through our detailed report.