Mutual fund industry performance: AUM hits Rs 80.8 lakh crore in November; SIP flows surge, investor base widens
Monthly SIP flows surged to Rs 29,445 crore in November, up 16 per cent year-on-year, representing a doubling of SIP flows in less than three years.
Average SIP ticket size expanded to Rs 2,939 per month compared to Rs 2,476 annually, indicating participation is broadening to higher-income segments.
Aggregate SIP flows over the past 12 months reached Rs 3.30 lakh crore, up 27 percent from Rs 2.59 lakh crore in the comparable prior period.Meanwhile the industry also marked 5.84 crore unique investor accounts in November, while adding 66 lakh new investors over the past year.
This expansion signifies a reach beyond traditional metropolitan bases, with new account registrations climbing to 57.14 lakh in the same month compared to 49.47 lakh a year earlier.Equity-oriented funds continue to receive the largest share at 60.2 per cent of industry AUM, or about Rs 58.26 lakh crore.
Within equity funds, SIPs have become increasingly prominent, representing 28.4 percent of total equity AUM, up from 27.5 percent a year ago.
Equity net sales have maintained positive momentum for 57 consecutive months, nearly five uninterrupted years.
Additionally, passive fund investments grew 24.3 per cent year-on-year to Rs 13.72 lakh crore, with their share rising from 16 per cent to 17 per cent of total AUM, marking a structural shift toward low-cost, index-based strategies.In addition to the top-15 (B30) cities, smaller metropolitan and tier-2 centers now account for 35 per cent of industry AUM, compared to just 26 per cent in September 2020.
This shift indicates mutual funds are penetrating deeper into India’s semi-urban populations, significantly expanding the investor base.
Notably, Haryana and Rajasthan led state-level growth, marking increase of 23.74 per cent and 22.31 per cent respectively.The mutual fund industry’s relative importance in finance has been increasing, with MF AUM now representing 33.3 per cent of bank deposits, up from 31.2 per cent a year ago.
Individual investors, combining retail and high-net-worth categories, accounted for 60 per cent of total industry AUM, with assets growing at a 23 per cent compound annual growth rate over the past decade.
Domestic institutional investors generated net inflows of Rs 7.4 lakh crore over the past 12 months, while foreign portfolio investors recorded net outflows of Rs 2.9 lakh crore, showing the industry’s dependence on robust domestic capital flows.Global mutual fund markets’ steady expansionThe global mutual fund market reached $85 trillion in regulated open-end funds during the third quarter of 2025, reflecting 13 percent year-on-year growth.
North and South America together hold a 57 per cent share of global assets, while Europe accounts for 32 percent and the Asia-Pacific region comprises 11 per cent.In the US, the mutual fund and ETF sector has more than doubled, growing at a 10 percent compound annual growth rate over the past decade.
Passive funds now represent 52 percent of total AUM, up from just 24 percent in 2015.
This structural shift toward passive investing reflects a global trend toward low-cost, index-based investment strategies that continues to reshape the international financial landscape.
