The Indian Mutual Fund (MF) industry reached a major milestone in December 2024, with its Average Assets Under Management (AAUM) standing at ₹69.33 lakh crore (₹69.33 trillion). As of December 31, 2024, the total Assets Under Management (AUM) were recorded at ₹66.93 lakh crore, highlighting the sector’s consistent and robust growth over the years.
From December 31, 2014, to December 31, 2024, the AUM of the Indian MF industry witnessed a more than sixfold increase, rising from ₹10.51 trillion to ₹66.93 trillion. In the last five years alone, the AUM more than doubled, growing from ₹26.54 trillion in December 2019 to ₹66.93 trillion by the end of 2024.
Over the past decade, the industry has achieved several noteworthy milestones. The AUM crossed ₹10 trillion (₹10 lakh crore) in May 2014 and doubled to ₹20 trillion (₹20 lakh crore) by August 2017. By November 2020, the industry’s AUM reached ₹30 trillion (₹30 lakh crore), demonstrating its rapid expansion.
Investor participation has also surged, with the number of folios exceeding 10 crore in May 2021 and reaching 22.50 crore (225 million) as of December 31, 2024. Notably, 17.90 crore (179 million) folios are under Equity, Hybrid, and Solution-Oriented Schemes, dominated by retail investors.
This remarkable growth underscores the increasing confidence of Indian investors and a broader trend towards systematic savings and investments. The Indian MF industry continues to solidify its role as a pivotal component of the country’s financial ecosystem, reflecting its ability to attract and retain a diverse investor base.
