Half of India’s mutual fund investments come from 5 cities: report

New Delhi [India], March 5 (ANI): Half of India’s mutual fund funding comes from the highest 5 cities of India, says a report by asset administration agency Abakkus.

Based on the report, Mumbai, Delhi, Bengaluru, Pune, and Kolkata are the highest 5 cities that contribute about fifty per cent of mutual fund investments in India.

The information launched by the report provides that with about 27.29 per cent of whole Property Beneath Administration (AUM), Mumbai is available in first place. The town’s whole AUM stands at ₹18.92 lakh crores.

Nationwide Capital Delhi stands second with 12.25 per cent of whole AUM at ₹8.5 lakh crore. Bengaluru stands third with a complete AUM of three.8 lakh crore or 5.48 per cent of the overall funding in mutual funds.

Pune’s share stands at 2.7 lakh crore, or 3.9 per cent, and Kolkata is on the fifth rank on the listing with ₹2.4 lakh crore of funding in mutual funds, or 3.48 per cent of the overall AUM, in keeping with the report.

The Indian mutual fund business achieved new heights in 2024 because it surpassed ₹68 lakh crore in belongings below administration (AUM).

Based on the AMFI knowledge, the mutual fund business’s AUM crossed ₹68 lakh crore in 2024 by November 2024. In December 2023, the AUM was ₹50.78 lakh crore, which suggests the AUM has grown by 34 per cent on this interval.

The utmost development got here within the fairness mutual funds–the fairness mutual fund AUM stood at ₹30.5 lakh crore–45 per cent of the overall AUM.

A decade in the past, the Indian fairness mutual fund AUM was a mere ₹1.9 lakh crore. In August 2023, the AUM crossed ₹30 lakh crore for the primary time. This implies that the AUM has greater than doubled in lower than 18 months.

The Systematic Funding Plan (SIP) has achieved outstanding milestones in 2024. The SIP AUM reached an all-time excessive of ₹13.54 lakh crore in November 2024.

The SIP accounts additionally hit a report excessive, at 10.23 crore in November 2024, up from 10.12 crore in September 2024.

Month-to-month SIP inflows witnessed a powerful 48 per cent development year-over-year, surging from ₹17,073 crore in November 2023 to ₹25,320 crore in November 2024.

SIPs have grow to be a cornerstone of wealth creation for Indian retail buyers. However with markets taking place, fairness mutual funds have misplaced as much as 20 per cent during the last 9 months.

Nonetheless, on common, traditionally, MFs have given a 12-14 per cent return over a interval of 5-10 years. (ANI)