Mutual fund industry's AAUM dips 1.25% on MoM basis, surges 21.32% on YoY: ICRA Analytics

The Average Assets Under Management (AAUM) of the domestic mutual fund industry grew by 21.32% on a yearly basis for the period ended March 2025. However, on a monthly basis, the same dipped by 1.25%, according to a release by ICRA Analytics.

The decline came as AAUM fell across various categories barring Gold ETFs and Other ETFs where AAUM grew 89.88% and 15.06% respectively.

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Contribution of growth oriented equity-oriented schemes remained the maximum at 53.72% followed by debt-oriented schemes and liquid schemes which contributed 15.06% and 13.21% respectively. The balanced schemes contributed 5.46% to the AAUM followed by funds of fund investing overseas which contributed 0.39% to the AAUM.

Gold ETF contributed 0.85% to the total AAUM in March 2025 and other ETFs contributed 11.30% to AAUM.

Growth/equity oriented schemes contributed the most to the AAUM across the states. The contribution of equity-oriented schemes was the most in Lakshadweep which stood at 91.98% followed by Andhra Pradesh for which contribution of equity-oriented schemes stood at 81.50%.

Amongst the states, Maharashtra led with a maximum contribution of 40.64% followed by New Delhi, Gujarat, Karnataka and West Bengal whose respective contributions remained below 10%. The top five states contributed more than 65% to the domestic mutual fund industry AAUM, the release said.

On a monthly basis, Sikkim witnessed the maximum growth in AAUM which stood at 5.19% followed by Mizoram and Nagaland which grew more than 1% each. Gujarat and West Bengal witnessed the maximum decline over the month as AAUM fell more than 2% for each.

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On a yearly basis, Lakshadweep witnessed the maximum growth in AAUM which stood at 71.61% followed by Dadra and Nagar Haveli which grew more than 50%. All states witnessed growth in AAUM on a yearly basis in March 2025, the minimum being that of Goa whose AAUM grew 15.51% YoY in March 2024.

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