Mutual Fund Industry AAUM Hits a Fresh Peak at ₹81 Lakh Crore as CY2025 Ends
Record High AUM on Robust Inflows & SIP Momentum: Closing CY2025 with strong momentum, the mutual fund industry’s Average AUM surged to a record ₹81 lakh crore in the October–December 2025 quarter, registering a solid 18.06% YoY rise. This jump reflects sustained industry strength, supported by robust inflows, rising retail participation and steady SIP traction that continues to reinforce long-term investing behaviour. On a sequential basis too, AAUM expanded by around ~5% QoQ versus the previous quarter, highlighting the mutual fund space’s widening footprint and growing relevance in India’s evolving investment landscape.
SBI MF Sets a New AAUM Record : SBI Mutual Fund surged to a fresh peak with a record ₹12.49 lakh crore AAUM in the October–December 2025 quarter, setting a new benchmark in the industry. The achievement also marks the 24th consecutive quarter of SBI MF retaining its position as India’s largest fund house, underlining strong and sustained investor confidence. Notably, SBI MF and ICICI Prudential MF remain the only two AMCs in the country with Average AUM above ₹10 lakh crore, underscoring the scale advantage and leadership of the top tier.
AAUM Growth Leaders Shine in Q3FY26: The mutual fund industry’s top players delivered a strong show in the October–December 2025 quarter, led by ICICI Prudential Mutual Fund, which recorded the highest absolute jump in average AUM at ₹61,622 crore. The momentum was also visible across other large fund houses, with SBI, Nippon India and HDFC Mutual Fund emerging as key contributors to the quarter’s AAUM expansion.
Rankings Hold Firm, Top-10 Sees a Twist: The mutual fund industry continues to reflect strong structural stability, with the top 3 and top 8 fund houses maintaining their positions for an 18th consecutive quarter. This quarter, Mirae Mutual Fund re-entered the top 10 by overtaking DSP Mutual Fund, pushing DSP out of the top ten by average AUM.
Rising AMCs Gain Ground: Several fund houses strengthened their standings this quarter, with PPFAS, Invesco, Motilal Oswal, WhiteOak Capital, Jio BlackRock, Zerodha, Helios and Groww moving up the ranks, signalling steady progress versus previous quarters. The key highlight was The Wealth Company Mutual Fund, which debuted with NFOs this quarter, built an AAUM of ₹1,421 crore, and closed at 43rd position among 51 AMCs.
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