Domestic mutual fund industry AUM grows 14% to Rs 37.74 trn: Amfi data

Growth in assets driven by incremental flows into equity schemes

The average assets under management (AUM) for the domestic mutual fund (MF) industry grew 13.8 per cent year-on-year to Rs 37.74 trillion for the quarter ended June, reveals the data furnished by the Association of Mutual Funds in India. 

The growth in assets was driven by incremental flows into equity schemes.

Biggest player State Bank of India MF cemented its position with industry-beating 23.7 per cent growth in AUM to Rs 6.47 trillion. 

Ranked No. 2, ICICI Prudential MF saw its AUM increase 11.8 per cent to Rs 4.65 trillion. 

The AUM of HDFC MF — the largest listed MF — slipped