Indian mutual fund industry crosses ₹70 lakh crore AUM milestone: ICRA analytics
Open-ended “other schemes”—which include index funds, exchange-traded funds (ETFs), and funds of funds (FoFs) investing overseas—recorded the highest YoY AUM growth of 23.80% in April 2025.
Open-ended equity schemes followed at 23.57%, while hybrid schemes grew 20.74%.
In the passive investment space, Gold ETFs led with a YoY surge of 87.33% to ₹0.61 lakh crore. Index funds rose 31% to ₹2.92 lakh crore.
Among equity categories, Sectoral/Thematic Funds posted the highest AUM growth at 49.94%, followed by Multi Cap Funds at 35.79%. In the debt segment, Long Duration schemes jumped 58.14% YoY, while Money Market and Ultra Short Duration funds grew by 44.79% and 32.78%, respectively.
The number of mutual fund folios rose 30.21% YoY as of April 2025. “Other schemes” saw a 45.94% increase in folios, while equity folios rose 31.39%. Debt-oriented schemes, however, saw a 1.15% decline in folio count.
Despite global and regional tensions—such as the Pahalgam terror incident and reciprocal US tariffs—investor sentiment remained steady. AMFI data showed equity mutual fund inflows at ₹0.24 lakh crore in April 2025. While this marked a 12-month low, it was the 50th straight month of positive inflows since March 2021.
Equity fund inflows fell 3.24% month-on-month in April, narrowing from a 14% drop in March. On a YoY basis, inflows rose 28.29%. Domestic ETFs (excluding Gold ETFs) saw record net inflows of ₹0.19 lakh crore in April 2025, indicating a shift toward passive, low-risk investments.
Systematic Investment Plan (SIP) accounts grew 5% YoY to 914.41 lakh. SIP contributions rose 31% to ₹0.27 lakh crore in April 2025 from ₹0.20 lakh crore a year ago. SIP AUM increased 23% YoY and accounted for 19.85% of total AUM, up from 19.67% in April 2024.
First Published: May 23, 2025 3:05 PM IST