Mutual Fund Industry Average AUM Climbs to a New Record of ₹83.14 Lakh Cr.
Mata Securities India Pvt Ltd | SEBI Registered Research Analyst | Reg. No. INH000022668 | SEBI Registered MF Distributor | ARN-0158
Fresh Peak for Average AUM on Broad-Based Industry Growth: The mutual fund industry’s Average AUM rose to a fresh record of ₹83.14 lakh cr. in the April-June 2026 quarter, registering a healthy 15.26% YoY growth and 1.97% QoQ increase. Industry AAUM expanded by ₹1.61 lakh cr. over the previous quarter, reflecting continued investor participation despite market volatility and global uncertainties. The steady rise highlights the industry’s resilience, supported by strong retail flows, SIP momentum, wider product adoption, and the growing relevance of mutual funds in India’s long-term savings and investment landscape.
SBI MF Retains Top Spot: SBI Mutual Fund continued to hold its leadership position with an AAUM of ₹12.57 lakh cr. in the April-June 2026 quarter, supported by 10.28% YoY growth and a market share of 15.12%. This also marks the 26th consecutive quarter of SBI MF retaining its position as India’s largest fund house, highlighting strong and sustained investor confidence in the franchise. Notably, SBI Mutual Fund and ICICI Prudential Mutual Fund remain the only two AMCs in India with an Average AUM exceeding ₹11 lakh cr.
AAUM Growth Leaders Drive Industry Expansion: The mutual fund industry’s leading players delivered a healthy performance in the April-June 2026 quarter, with Nippon India Mutual Fund posting the highest absolute increase in Average AUM at ₹26,554 cr. The quarter also saw strong traction across other prominent fund houses, as ICICI Prudential, Motilal Oswal, Kotak Mahindra, Axis, and SBI Mutual Fund emerged as key contributors to the industry’s overall AAUM expansion. Their performance highlights the continued strength of select franchises in attracting investor flows despite a volatile market backdrop.
New and Rising AMCs Continue to Gain Ground: Newer and fast-scaling AMCs continued to build presence during the April-June 2026 quarter. Abakkus Mutual Fund showed strong sequential growth, with AAUM rising to ₹5,580 cr. from ₹3,129 cr. in the previous quarter. Jio BlackRock Mutual Fund also scaled further to ₹17,979 cr., while Zerodha, Helios, WhiteOak Capital, Groww, and Trust Mutual Fund continued to gain traction. This highlights improving investor acceptance of newer platforms and challenger AMCs.
Top Percentage Gainers: Emerging AMCs Deliver Sharp AAUM Expansion: Several emerging and mid-sized AMCs delivered strong percentage growth in the April-June 2026 quarter. Abakkus Mutual Fund led the pack with the highest QoQ AAUM growth, followed by Angel One, Old Bridge, Groww, Capitalmind, Trust, Choice, Helios, WhiteOak Capital, and Zerodha Mutual Fund. The trend highlights that AAUM growth was not limited to large incumbents, with newer and challenger AMCs steadily expanding their footprint and gaining investor acceptance across the industry.
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