The Indian mutual fund industry has grown significantly in the last few years with its average assets under management (AAUM) growing over 74% since the March quarter of 2018 to Rs 40.26 trillion in the October-December 2022 period.
But, not all fund houses have made profits. An analysis of profit & loss data, shared by CRISIL, shows that 25 of the 42 fund houses made profits in Financial Year (FY) 2021-22, down from 28 a year earlier.
The accounting years followed by Mirae MF and Franklin Templeton MF are different; Mirae follows a January-December financial year, while Franklin Templeton follows an October-September financial year.
IIFCL MF and IL&FS MF, which are infrastructure debt funds, weren’t considered for this story.