MF industry’s AUM reaches closer to Rs. 70 lakh crore

The average AUM of the Indian mutual fund industry has witnessed a growth of 4.21% in April compared to a marginal decline of 1.29% in March 2025.

By the end of April 2025, the average AUM of the MF industry has reached Rs. 69.23 lakh crore against the average AUM of Rs. 66.44 lakh crore in March.

Overall, the industry has registered net inflows of Rs. 2.78 lakh crore. A majority of the net inflows has come through debt funds with liquid funds alone contributing Rs.1.19 lakh crore.

On the other hand, equity funds and hybrid funds witnessed net inflows of Rs. 24,269 crore and  Rs. 14,248 crore, respectively. The rest of net inflows of Rs. 20,229 crore has come from passive funds.

Apart from that the MF industry has received gross monthly SIP net inflows of Rs, 26,632 crore, the highest gross net inflows so far.

Here are the key highlights of the month gone by:

Equity funds

• Flexi cap funds, small cap funds and mid cap funds are the top three fund categories in terms of net inflows

• Flexi cap funds have witnessed net inflows of Rs.5,542 crore while small cap funds and mid cap funds recorded net inflows of Rs.4,000 crore and Rs.3,314 crore

• Interestingly, sectoral/thematic funds have witnessed a significant revival in April by receiving net inflows of Rs. 2001 crore compared to net inflows of Rs.170 crore in March

Inflows/outflows in equity funds

Income/debt funds

• Apart from liquid funds, money market funds and ultra short duration funds are the next two categories with the highest net inflows; they have seen net inflows of Rs. 31,507 crore and Rs. 26,734 crore, respectively

• Gilt funds and credit risk fund witnessed net outflows last month

Inflows/outflows in debt funds

Hybrid funds

• Arbitrage funds have witnessed the highest net inflows of Rs. 11,790 crore

• Multi asset allocation funds have registered net inflows of Rs. 2,106 crore while balanced hybrid funds saw outflows of Rs. 151 crore

• Both retirement funds and children’s funds have witnessed net inflows of Rs. 76 crore and Rs. 130 crore, respectively

Inflow/outflow of  hybrid funds

Passive funds

• Within passives, other ETFs i.e. equity and debt ETF have seen net inflows of Rs. 19,057 crore

• Index funds have registered net inflows of Rs. 1,555 crore while gold ETFs and FoFs receive net outflows of Rs. 6 crore and Rs. 377 crore, respectively

Inflows/outflows in passive funds

SIP trends

• The number of contributing accounts has increased to 8.38 crore compared to 8.11 accounts in the previous month

• By the end of April 2025, the SIP AUM stands at Rs. 13.9 lakh crore, which is 20% of the industry AUM

• Further, the industry has witnessed registration of 46 lakh new SIP accounts while 1.36 crore accounts have matured/cancelled. VN Chalasani, AMFI Chief said that the reconciliation process, being done on the recommendations of SEBI circular, has been completed and the next month’s numbers will show a clearer picture around SIP accounts.

Akhil Chaturvedi, Executive Director & Chief Business Officer, Motilal Oswal AMC

Net sales in equity funds have been flat at Rs. 24,000 crore, given the heightened volatility around the tariff concerns which has generally kept investors cautious. Stability is good and no major slippages in SIP numbers is also encouraging. Large cap category has grown against all other categories and also signifies protection over growth for now.

Jatinder Pal Singh, CEO, ITI Mutual Fund

The AMFI monthly numbers indicate that investor confidence remains resilient despite market fluctuations and geopolitical uncertainties. Notably, sectoral/thematic funds attracted substantial inflows during the month, reflecting a rising investor interest in these segments.

Madhu Nair, Chief Executive Officer at Union Asset Management Company Private Limited

Overall, a great start in terms of net flows for the mutual fund industry. The industry has touched an all-time high of almost Rs.70 lakh crore. Debt schemes with maturities up to 1 year have seen strong flows, reflecting the uncertainty in the minds of investors.

Suranjana Borthakur, Head of Distribution & Strategic Alliances, Mirae Asset Investment Managers (India) 

The recovery in mutual fund flows in April is encouraging, especially after the typical quarter-end outflows seen in March. Debt categories like liquid, overnight, money market, and ultra-short have seen a six-month high in net inflows, which is a positive sign. It is also encouraging to see an uptick in large-cap flows, which aligns with the current market environment.

Venkat Chalasani, AMFI Chief Executive

SIP contributions surged to an all-time high of Rs. 26,632 crore in April, driven by a steady increase in the number of contributing accounts. This continued growth reflects the rising preference among investors for mutual funds as a disciplined and effective tool for long-term savings.

He said that the trend underscores a growing awareness among investors of the importance of staying invested through market cycles and systematically building wealth over time.

He further added, while geopolitical developments and border tensions may introduce short-term market volatility, investors are encouraged to stay focused on their long-term financial goals. Reacting impulsively to temporary market movements can derail investment strategies. India's economic fundamentals remain resilient and the long-term growth outlook continues to be strong and promising.

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