Top 20 Mutual Funds In India with Highest AUM

Out of nearly 50 mutual fund houses in India, below given are the top 20 mutual fund houses with highest money allocation, which is termed as Asset Under Management(AUM). Together they cover more than 90 percent of the investment that comes to Indian mutual fund market. Indian mutual fund market reached an all time high of Rs 16.46 trillion as per December 2016 data as per IRCA.

Indian Mutual Funds AUM 2017

News On Indian Mutual Funds AUM 2017

Indian Mutual Fund Industry to Reach Rs.20 Trillion Mark in 2017

Jan 2017: The assets under management (AUM) of the mutual fund industry reached an all-time high of Rs 16.46 trillion in December 2016, according to the data from the Association of Mutual Funds in India (AMFI) and expects to cross Rs 20 trillion this year. This, according to ICRA, translates into a compounded annualised growth rate of 18 per cent from Rs 3.26 trillion AUM in 2007 and is led by the phenomenal growth in SIPs with December alone seeing inflows of Rs 3,973 crore. The industry AUM had crossed Rs 10 trillion in 2014, and it may reach the important milestone of Rs 20 trillion in 2017, ICRA added.

December 2016 saw more than 7 lakh new folios addition, taking the total folio count to 5.2 crore, which is 1.5 per cent higher than in November and 10.8 per cent than in March 2016. During December 2016, 1 lakh new folios were added to the ELSS category, while equity, balanced, and ETF together witnessed addition of more than 5 lakh folios. Except from gold ETFs, Folio count grew across all debt categories, and in the liquid category it doubled from the March 2016 level.