Mutual Fund Industry Statistics India
Mutual Fund Industry Statistics India refers to the key quantitative indicators tracking the size, growth, and depth of the Indian mutual fund industry — including total AUM, SIP monthly flows, number of folios, and category-wise asset distribution — published monthly by AMFI and providing insight into the pace of financial intermediation in India.
The Association of Mutual Funds in India (AMFI) publishes monthly AUM data segmented by category, fund house, and asset class. India's mutual fund industry AUM crossed ₹50 lakh crore (₹50 trillion) in December 2023 and was on a trajectory toward ₹100 lakh crore by the early 2030s based on extrapolation of five-year growth rates. For context, India's GDP in FY2024 was approximately ₹295 lakh crore, implying an AUM-to-GDP ratio of approximately 17-18% — well below the global average of 60-70%, indicating significant headroom for industry growth.
SIP flows are the most cited monthly indicator of retail participation. Monthly SIP contributions, which stood at approximately ₹3,000 crore in 2016, crossed ₹21,000 crore in March 2024 and continued growing. The number of active SIP accounts exceeded 8.5 crore (85 million) in early 2024, representing a dramatic broadening of the investor base beyond metro cities. AMFI data showed that Tier-2 and Tier-3 cities accounted for a growing share of new SIP registrations.
The number of mutual fund folios — individual investor accounts across all fund houses — crossed 17 crore (170 million) in early 2024. A single investor may hold multiple folios across different fund houses and schemes, so the folio count overstates unique investors; AMFI estimated approximately 4-5 crore unique PAN-based investors. The gap between folios and unique investors reflects the fragmented nature of investor holdings.
Category-wise AUM distribution showed the dominance of equity-oriented schemes, which accounted for approximately 55-60% of total AUM in the 2023-2024 period, up from 30-35% a decade earlier. Debt funds, which had historically dominated AUM, saw relative share decline following the 2023 amendment to debt mutual fund taxation that removed indexation benefits for funds holding less than 65% equity. Liquid and overnight funds maintained significant AUM driven by corporate and institutional treasuries.
Geographic distribution data published by AMFI under its B30 (beyond top 30 cities) and T30 (top 30 cities) categorisation showed a gradual but meaningful shift. The industry's stated objective of deepening penetration beyond the top 30 cities was reflected in higher commission rates permitted for B30 investors and specific AMFI campaigns targeting financial inclusion in non-metro markets.