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The latest AMFI data shows that direct AUM under RIAs has increased by 45% in the last one year ending in December 2024.
The AUM managed by RIAs has increased from Rs. 2.88 lakh crore on January 1, 2024 to Rs. 4.17 lakh crore on December 31, 2024.
Mumbai RIA Vivek Rege of VR Wealth Advisors and Board Member of Association of Registered Investment Advisers (ARIA) attributes the growth of AUM through RIAs to the increasing number of investors interested in advisory services. He believes that mark-to-market gains have also contributed to growth in assets of RIAs. He also pointed out that many wealthy investors are shifting towards passive funds through RIAs, which has played a significant part in this growth.
Bhubaneshwar RIA Arun Sahoo of Mintbox Advisory feels that many do it yourself investors are now seeking advice to deal with the increasing volatility in the market.
Bengaluru RIA Dilshad Billimoria of Dilzer Consultants believes that increasing awareness among investors about advisory services has led to this growth.
Further, the data shows that the assets under do it yourself investors have also recorded a 33% increase from Rs. 20.33 lakh crore to Rs. 27 lakh crore in the year. Direct assets through PMS have also seen a 33% increase from Rs. 53,700 crore to Rs. 71,500 crore in 2024.
