The mutual fund industry experienced significant growth in July 2024, with individual investors increasingly driving investment trends. According to AMFI data, individual investors now hold 61% of the mutual fund industry’s assets, up from 57.5% in July 2023. This shift reflects a broader trend where individual investors account for 88% of mutual fund assets, including those from retail and high-net-worth individuals. Meanwhile, institutional investors hold 39% of the assets, predominantly from corporations (95%), with the remainder from Indian and foreign institutions and banks.
The total assets managed by the mutual fund industry surged by 39.83%, rising from US$ 556.12 billion (Rs. 46.28 trillion) in July 2023 to US$ 777.58 billion (Rs. 64.71 trillion) in July 2024. Individual investors predominantly favour equity-oriented schemes, with 86% of their assets invested in equities, 9% in debt schemes, 3% in money market schemes, and 2% in ETFs/fund of funds. In contrast, institutional investors have a higher concentration in liquid and money market schemes (88%), debt-oriented schemes (63%), and ETFs/FOFs (90%). The proportion of equity-oriented schemes within the industry rose to 59.9% in July 2024, compared to 52% in July 2023, while the share of debt-oriented schemes decreased to 14.6% from 19.4% over the same period.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
