Mutual Funds Boom: Average AUM Skyrockets by 12.31% in Q2 FY25!
Mutual Funds on the Rise: In a strong show of resilience and investor confidence, the Mutual Fund industry has achieved a remarkable quarter-on-quarter growth, pushing Average Assets Under Management (AAUM) to a substantial ₹66.22 Lakh Crs for July-September 2024.
SBI Mutual Fund Makes History: For the first time in the history of Mutual Funds, SBI Mutual Fund’s Average Assets Under Management (AAUM) has crossed the ₹10 Lakh Crs mark last quarter. Dominating the industry, SBI Mutual Fund proudly secures its top spot for the 19th consecutive quarter, showcasing enduring leadership and investor trust.
Rising Stars in Mutual Funds: Driven by a surge in inflows, quant, Motilal Oswal, Mahindra Manulife, JM Financial, Zerodha and Groww Mutual Funds have elevated their positions in the mutual fund rankings, marking impressive progress over previous quarters.
SBI Mutual Fund Leads Absolute Growth: In the latest quarter, SBI Mutual Fund claimed the spotlight as the top gainer in absolute Average AUM growth, with ICICI, HDFC and Nippon India Mutual Fund close behind. This surge underscores the competitive energy and robust expansion shaping the mutual fund industry.
Top Percentage Growth Performer: In percentage growth of Average AUM, Old Bridge, Zerodha, JM Financial, Helios and Bajaj Finserv Mutual Funds outshone the competition this quarter, showcasing remarkable gains compared to the previous period.
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