Mutual Fund Industry Average AUM Scales Fresh Peak at ₹72.14 Lakh Cr in Q1FY26
Record High AUM on Equity Market Rally: The average AUM of the mutual fund industry surged by 7% quarter-on-quarter to an all-time high of ₹72.14 Lakh Cr during the April–June 2025 quarter. This growth was largely driven by strong equity market gains, especially in the midcap and smallcap segments, which rallied over 10%. For the first half of CY2025, the MF industry recorded a 5.13% increase in average AUM, supported by record SIP inflows and sustained bullish momentum in equities.
SBI Mutual Fund Hits Record AUM of ₹11.40 Lakh Cr in Q1FY26 : SBI Mutual Fund achieved a historic milestone by reaching an average AUM of ₹11.40 Lakh Cr during the April–June 2025 quarter. This marks the 22nd consecutive quarter that SBI Mutual Fund has retained its position as the largest fund house in India, underscoring consistent investor confidence and sustained market leadership.
Equity Rally Lifts AUM of Top Fund Houses: Driven by gains in the equity markets, leading equity-oriented fund houses witnessed strong AUM growth in the April–June 2025 quarter. SBI Mutual Fund recorded the highest absolute increase in average AUM, followed closely by ICICI Prudential, Nippon India and HDFC Mutual Fund.
Top Fund Houses Maintain Stability; Mirae Rejoins Elite Club: The mutual fund industry continues to reflect strong structural stability, with the top 3 and top 8 fund houses retaining their positions for an impressive 16 consecutive quarters. In a key development this quarter, Mirae Asset Mutual Fund made a comeback into the top 10 rankings, overtaking Tata and DSP Mutual Funds. Conversely, Tata Mutual Fund slipped out of the top ten in terms of average AUM, marking a notable reshuffle in the industry leaderboard.
Rising Stars in Mutual Funds: Mirae, Invesco, PPFAS and Trust Mutual Fund have climbed the ranks, marking strong progress over previous quarters.
Top Gainers by Percentage: Emerging AMCs Post Stellar AUM Growth – In the April–June 2025 quarter, several emerging and mid-sized AMCs—including Angel One, Unifi, Old Bridge, Zerodha, Trust, Groww, WhiteOak Capital, Helios, Bajaj Finserv, PPFAS and Motilal Oswal Mutual Fund—delivered stand out percentage growth in average AUM. This surge reflects their accelerating momentum and increasing investor traction, building on strong performance and expanding distribution in recent quarters.
19 AMCs Now Manage Over ₹1 Lakh Cr Each in Average AUM – As of the April–June 2025 quarter, 19 of the 46 active mutual fund houses have reported average AUM above ₹1 lakh crore. This milestone highlights the increasing scale and deepening consolidation within the Indian mutual fund industry.
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