Indian mutual fund industry’s AUM rises 12.2% to US$ 790.07 billion in FY26
- IBEF
- April 15, 2026
India’s domestic mutual fund industry closed FY26 with assets under management (AUM) rising 12.2% to Rs. 73.73 lakh crore (US$ 790.07 billion), adding nearly Rs. 8 lakh crore (US$ 85.73 billion) over the year, according to the latest data released by the Association of Mutual Funds in India (AMFI). Despite elevated equity market volatility, the industry demonstrated resilience through sustained retail participation and strong flows into actively managed equity schemes. In March 2026 alone, inflows into actively managed equity mutual funds surged to Rs. 40,450.26 crore (US$ 4.34 billion), the highest level since July 2025, up sharply from Rs. 25,977.81 crore (US$ 2.78 billion) in February.
Retail investor confidence remained robust, with Systematic Investment Plan (SIP) contributions touching a record Rs. 32,087 crore (US$ 3.44 billion) in March, compared with Rs. 29,845 crore (US$ 3.20 billion) in the previous month. However, overall industry net flows turned negative in March, with net outflows of Rs. 2.39 lakh crore (US$ 25.61 billion), primarily due to debt mutual fund outflows of Rs. 2.94 lakh crore (US$ 31.50 billion). Gold exchange-traded fund (ETF) inflows also moderated to Rs. 2,266 crore (US$ 242.82 million) from Rs. 5,254.95 crore (US$ 563.10 million) in February. The slower AUM growth compared with 23% in FY25 and 36% in FY24 reflects market corrections, foreign institutional investor (FII) selling and global geopolitical uncertainties, while the continued SIP momentum reinforces the deepening maturity of India’s retail investment ecosystem.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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