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Latest AMFI data shows that direct AUM under RIAs has increased by Rs. 1 lakh crore in FY25 from Rs. 3.10 lakh crore to Rs. 4.10 lakh crore in this one-year period, marking a 32% increase.
The direct assets under PMS have also shown a similar 33% increase from Rs. 57,300 crore in March 2024 to Rs. 76,200 crore in March 2025.
DIY client assets have seen a comparatively lower growth of 26% from Rs. 21 lakh crore to Rs. 26.5 lakh crore.
Overall, direct AUM of the industry has seen an increase of Rs. 6.65 lakh crore in FY25, a 27% increase from Rs. 24.7 lakh crore to Rs. 31.35 lakh crore.
Mumbai RIA Rohit Shah of GYR Financial Planners notes that while the number of RIAs has seen little increase, the growth in assets under RIAs has been due to increasing investor awareness and education. Also, he believes that a part of this increase may have been due to institutional RIAs who manage large AUMs.
Mumbai RIA Suresh Sadagopan of Ladder 7 Adssvisories also echoes a similar sentiment and believes that a substantial part of this growth comes from corporate RIAs. He said that higher compliance in individual RIAs is a major cause for slow growth in number of RIAs in India.
The table below shows the growth in various types of direct AUM in FY25:
|
Type of Direct AUM |
Mar-25 |
Mar-24 |
Change |
Change (%) |
|
AUM under RIAs |
4,09,754 |
3,10,319 |
99,435 |
32.04 |
|
AUM under PMS |
76,179 |
57,303 |
18,876 |
32.94 |
|
AUM under DIY clients |
26,48,636 |
21,01,890 |
5,46,746 |
26.01 |
|
Total direct AUM |
31,34,570 |
24,69,512 |
6,65,058 |
26.93 |
