Mutual funds (MFS) managed a record ₹66.2 trillion in assets during the July September quarter, marking a 12.3 per cent increase over the previous three-month period the highest quarterly jump in MF assets in at least five years.
During the April-June period, the average assets under management (AUM) stood at 59 trillion. The sharp rise in AUM, according to experts, is driven by a robust equity market rally and record inflows into equity schemes.
The key benchmark indices, Nifty 50 and Sensex, each logged approximately 7 per cent gains in the quarter ended September 2024 (Q2FY25). Amid this rally, investors funnelled more than ₹75,000 crore into active equity schemes over July and August, bolstered by new fund launches.
"Mark-to-market gains in MFS' equity holdings have been the key factor," said DP Singh, deputy MD & joint CEO of SBI Mutual Fund.
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