The assets under management of the Indian mutual fund industry touched the historic Rs 50-lakh-crore mark for the first time ever in December 2023, propelled by unabated inflows and rally in equity markets.
According to data released by the Association of Mutual Funds of India (AMFI), the AUM of the Indian MF industry has grown from Rs 8.26 lakh crore as on December 31, 2013 to Rs 50.78 lakh crore as on December 31, 2023, a more than 6 fold increase in a span of 10 years.
Here’s putting this whopping figure of Rs 50 lakh crore, or around USD 600 billion, in context –
Not just that, the AUM for systematic investment plans (SIPs) stood at Rs 9.95 lakh crore, or USD 120 billion. Investments via SIPs, which have emerged as a popular choice among retail investors, stood at an all-time high of Rs 17,610.16 crore in December.
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