January 5, 2022
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Strong performance by the equity markets and net inflows to equity schemes led to an increase in the assets size of the mutual fund industry. For the quarter ended December 31, 2021, the average assets under management (AAUM) of the sector stood at Rs 3617000 crore , growth of nearly 30 per cent over a year.
SBI Mutual Fund continued its dominant position with AAUM of Rs 625000 crore in October-December 2021, against Rs 456000 Crore in the year-ago period — a jump of 37 per cent. The AAUM of ICICI Prudential MF and HDFC MF stood at Rs 467000 Crore and Rs 447000 crore in the Q3
Top players, such as Axis MF, Nippon India MF, and Kotak Mahindra MF, grew their AAUM by 32-43 per cent in a year, showed the data from the Association of Mutual Funds in India (Amfi).Fund houses such as quant MF, Edelweiss MF, and Canara Robeco MF witnessed a sharp increase in their assets.
In 2021, Indian equities gave returns of nearly 24 per cent and equity funds continued to attract money from investors. Between January and November of 2021, equity funds saw net inflows of around Rs 71,600 crore. Inflows through systematic investment plans (SIPs) stood at nearly Rs 102000 crore.In the past three months, inflows through SIPs were over Rs 10,000 crore for each month, with November witnessing the highest-ever SIP contribution of Rs 11,005 crore.
Market participants say that even in 2022, equity funds will continue to attract money because investors have realised the importance of saving through SIPs.