GROWTH FOR ALL

WITH EXISTING PLAYERS EXPANDING AND NEWER ONES COMING IN, THE MUTUAL FUNDS INDUSTRY IN INDIA IS IN A DYNAMIC PHASE

- BY NACHIKET KELKAR

If you ask a financial planner for that one big change post Cov-id-19, the likely answer would be financialisation of savings. As investors started seeking better returns on investment, equities gained massive traction.

In January 2020, the average assets under management (AAUM) of the mutual funds industry stood at ₹28.18 lakh crore. AUM of equity and hybrid schemes together was close to ₹11.50 lakh crore. Cut to October 2025. The AAUM of mutual funds stood at ₹79.79 lakh crore, with AUM of equity and hybrid schemes at nearly ₹46 lakh crore.

While existing players have scaled up with multiple new schemes to attract the new and particularly risk-taking investors, over half a dozen new asset management companies have started operations in the past year or so. The Wealth Company debuted with four active new fund offers (NFOs) in October, raising close to ₹2,000 crore. Angel One had AAUM of ₹364 crore in the July-September quarter, Capitalmind had ₹69 crore, and Unifi MF had ₹1,196 crore, according to data from the Association of Mutual Funds in India (AMFI). Jio BlackRock AMC had ₹12,890 crore in average AUM, after having raised ₹17,800 crore through its debut new fund offers.