INDIAN MUTUAL FUND INDUSTRY AT A GLANCE IN 2020 - 2021
The AuM (Assets Under Management) in Indian Mutual Find Industry stands at 24.55 trillion INR as of May 31st, 2020. The total number of folios as on May 31, 2020 stood at 91 Million, and the maximum investment from retail segment stood at INR 80.3 Million. The mutual fund industry has crossed a milestone of 10 crore folios during the month of May 2021. Mutual funds added 72 lakh folios in the pandemic ravaged year 2020 as higher disposable income and low interest on bank deposits attracted investors towards this financial instrument.
In the year 2020, many investors added to their mutual fund investment during the market correction due to COVID-19. Hence the Mutual Fund Industry is one of the few industries that grew despite the pandemic effects. As the market looked attractive, many first time investors chipped in.
Assets under management with the mutual fund industry jumped a whopping 41 per cent in fiscal 2021 to Rs 31.43 trillion.
In fiscal 2021, sectoral funds recorded the highest net inflows of Rs 9,801 crore, while large-cap funds saw the highest net outflows of Rs 10,587 crore. In fiscal 2021, arbitrage funds that cash in on market volatility saw the highest net inflows of Rs 26,908 crore, while aggressive hybrid schemes logged in highest net outflows of Rs 25,847 crore, taking the asset base up by 31 per cent or by Rs 80,807 crore in the fiscal. In the fiscal, net equity ETF inflows stood at Rs 39,820 crore and gold ETF inflows at Rs 6,919 crore, adding their assets by 88 per cent and 78 per cent, respectively over FY20.
