Quick Overview
In 2024, the mutual fund (MF) industry witnessed a substantial growth of 40% in its assets under management (AUM), increasing from Rs. 49.23 lakh crore to Rs. 68.62 lakh crore. A detailed analysis of the AUM data by Investcorpus highlights the top-performing fund houses, with SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund leading the pack in terms of absolute growth.
Key Points
- Overall Industry Growth: The mutual fund industry’s AUM rose by Rs. 19.39 lakh crore, marking a 40% increase year-on-year.
- Top Fund Houses: SBI MF, ICICI Prudential MF, and HDFC MF recorded the highest absolute increases in AUM.
- Significant Percentage Growth: Zerodha MF exhibited the most remarkable percentage growth in AUM at 4074%.
- Emerging Players: Other fund houses like Nippon India MF and Kotak MF also showed significant increases, alongside several others surpassing Rs. 1 lakh crore in growth.
- High Growth Rates: Several smaller fund houses, such as Helios MF and Groww MF, experienced extraordinary percentage growth in their AUM.
Detailed Breakdown
Industry Overview
The mutual fund industry has shown a robust performance in 2024, with an overall AUM growth of Rs. 19.39 lakh crore. This growth reflects a healthy market environment and increased investor confidence in mutual funds as a viable investment option.
Leading Fund Houses
- SBI Mutual Fund: Achieved the highest growth in absolute terms, increasing its AUM from Rs. 8.51 lakh crore in December 2023 to Rs. 11.14 lakh crore in December 2024, a rise of Rs. 2.63 lakh crore.
- ICICI Prudential Mutual Fund: Followed closely with an AUM increase of Rs. 2.59 lakh crore, growing from Rs. 6.15 lakh crore to Rs. 8.74 lakh crore.
- HDFC Mutual Fund: Rounded out the top three, with an increase of Rs. 2.36 lakh crore, from Rs. 5.52 lakh crore to Rs. 7.87 lakh crore.
Other Notable Fund Houses
- Nippon India Mutual Fund: Experienced an AUM growth of Rs. 1.92 lakh crore, reaching Rs. 5.70 lakh crore.
- Kotak Mutual Fund: Increased its AUM from Rs. 3.51 lakh crore to Rs. 4.89 lakh crore, marking a growth of Rs. 1.38 lakh crore.
- Additional Growth: UTI MF, Aditya Birla Sun Life MF, Axis MF, DSP MF, and Tata MF also reported growth exceeding Rs. 1 lakh crore.
Exceptional Percentage Growth
- Zerodha Mutual Fund: Recorded the highest percentage growth at 4074%, with AUM soaring from Rs. 92 lakh crore to Rs. 3,840 crore.
- Helios Mutual Fund: Notably increased its AUM by 649%, from Rs. 392 crore to Rs. 2,936 crore.
- Groww Mutual Fund: Achieved a 221% growth, rising from Rs. 479 crore to Rs. 1,538 crore.
- Other High Growth Funds: Bajaj Finserv MF, JM Financial MF, and Shriram MF also reported growth exceeding 150%.
Important Analysis Details by Investcorpus.in
The analysis conducted by Investcorpus utilized data from the Association of Mutual Funds in India (AMFI) to assess the performance of various fund houses. The significant growth rates reflect not only the overall expansion of the mutual fund market but also highlight the competitive dynamics among fund houses to attract and retain investor capital.
Final Takeaways
The mutual fund industry has demonstrated remarkable resilience and growth in 2024, with leading fund houses like SBI MF, ICICI Prudential MF, and HDFC MF showing significant absolute increases in their AUM. The impressive percentage growth of smaller players like Zerodha MF and Helios MF underscores the evolving landscape of the mutual fund market, driven by innovation and changing investor preferences. Overall, the data indicates a thriving mutual fund sector with strong potential for future growth.
