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The Indian mutual fund industry's prestigious Trillion Rupee Club has a new leader - index ETFs! The club, reserved for fund categories exceeding Rs 1 trillion (Rs 100,000 crore) in AUM (Assets Under Management), welcomes one new member this month.Currently, 20 out of 39 open-ended fund categories boast an AUM exceeding Rs 1 trillion, showcasing the industry's growth.
Debt & Equity Breakdown:
" One category of equity funds (Flexi-Cap Funds) has crossed the Rs 4 Trillion mark. There are 3 categories of equity funds (large cap funds, sectoral funds, mid-cap funds) having AUM of between Rs 3 Trillion and Rs 4 Trillion. Large & Mid-Cap funds, small cap funds and ELSS Funds have an AUM of between Rs 2 Trillion and Rs 3 Trillion; while multi-cap funds, value funds and focused funds have AUM between Rs 1 Trillion and Rs 2 Trillion. Flexi-cap funds are the largest category in terms of AUM, followed closely by sectoral / thematic funds," said brokerage IIFL in a note.
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