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Bloomberg Quint
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Mutual Fund Industry On A High As Asset Surges Rs 17 Lakh Crore In 2024
- The mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation.
- The industry's assets under management reached an all-time high of Rs 68 lakh crore by November-end, marking a 33% growth over the Rs 50.78 lakh crore registered at the end of 2023.
- The mutual fund industry's assets are expected to continue growing at a healthy pace in 2025.
- The year 2024 saw a substantial net inflow of Rs 9.14 lakh crore, alongside a significant 5.6 crore increase in investor count and a growing popularity of SIPs, which alone contributed Rs 2.4 lakh crore.
- Over the last four years, the industry has collectively added an impressive Rs 30 lakh crore to its AUM.
- The inflows in 2024 lifted the industry's assets under management, reaching an all-time high of Rs 68 lakh crore by November-end.
- The contribution of equity markets has also been key, with the Nifty 50 and BSE Sensex indices rising 8.5% and 8%, respectively, in 2024.
- Monthly SIP contributions consistently surpassed the Rs 25,000-crore mark in October and November, signalling their growing appeal.
- Gold investments also gained traction, with inflows of Rs 9,500 crore as investors sought safety amid economic uncertainties, geopolitical tensions, and changes in taxation norms.
- Sebi has introduced measures to boost mutual fund penetration and oversight.
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