Mutual fund assets surge 23% to hit record Rs. 65,74,000 crore (US$ 769.70 billion) in FY25

Mutual fund assets experienced a significant surge of 23% YoY, reaching a record high of Rs. 65,74,000 crore (US$ 769.70 billion) in FY25. This growth was driven by robust net inflows and mark-to-market (MTM) gains, supported by the buoyant equity and debt markets. The asset base expanded partly due to MTM gains, as equity markets delivered positive returns, with the Nifty 50 TRI and Sensex TRI rising 6% and 5.9%, respectively. Debt markets also contributed positively through MTM gains, supported by favourable yield movements, according to the Association of Mutual Funds in India’s (Amfi) annual report. The asset increase under management (AUM) was also attributed to net inflows totalling Rs. 8,15,000 crore (US$ 95.42 billion) during the fiscal year. The number of folios reached an all-time high of 234.5 million, with an investor base of about 5.67 crore. Notably, there was a 33.4% YoY increase in folios of equity-oriented schemes to 16.38 crore, which continued to constitute a significant portion of the folios at 70%. Systematic investment plans (SIPs) gained popularity, with yearly contributions rising by 45.24% to Rs. 2,89,000 crore (US$ 33.84 billion) in FY25. This and MTM gains saw SIP assets increase by 24.6% to Rs. 13,35,000 crore, accounting for 20.31% of the overall mutual fund industry’s AUM. As of March 2025, the industry had a total of 5.34 crore unique investors, of which 26%, or 1.38 crore, were women, representing an increase from 24.2% in March 2024. This underscores the growing financial independence and awareness among women, attributed to rising literacy rates and the increasing presence of women in the workforce.
Equity-oriented mutual funds witnessed a record inflow of Rs. 4,17,000 crore (US$ 48.82 billion), the highest ever in a financial year, with net inflows exceedingly twice the previous year’s. This, combined with valuation gains, propelled the AUM of equity-oriented schemes by 25.4% to Rs. 29,45,000 crore (US$ 344.81 billion) at the end of March 2025. The surge in inflows across sub-categories within equity-oriented schemes was partly due to the successful launch of new fund offers (NFOs) during the year, with 70 NFOs in the equity category launched in FY25, mobilising Rs. 85,244 crore (US$ 9.98 billion), compared to the 58 schemes launched in FY24, which garnered Rs. 39,297 crore (US$ 4.60 billion). Debt mutual funds registered net inflows of Rs. 1,38,000 crore (US$ 16.16 billion) in the last fiscal year, compared to net outflows of Rs. 23,000 crore (US$ 2.69 billion) in FY24. The category’s AUM jumped 20.5% to Rs. 15,21,000 crore (US$ 178.08 billion) in March 2025 from Rs. 12,62,000 crore (US$ 147.76 billion) in March 2024.

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