50% of India's MF investments come from these 5 cities
What's the story
Nearly 50% of India's mutual fund investments come from five major cities: Mumbai, Delhi, Bengaluru, Pune, and Kolkata. The report by asset management firm Abakkus notes that Mumbai tops the list with a whopping 27.29% of the total Assets Under Management (AUM)—₹18.92 lakh crore. Delhi follows closely with an AUM share of 12.25%—₹8.5 lakh crore.
City contributions
Bengaluru, Pune, and Kolkata's contributions to mutual fund investments
Bengaluru comes third on the list with an AUM of ₹3.8 lakh crore or 5.48% of the total. Pune follows with ₹2.7 lakh crore contribution (3.9%). Kolkata completes the top five cities with an investment of ₹2.4 lakh crore or 3.48% of the total AUM, according to Abakkus's report.
Industry expansion
Indian mutual fund industry sees significant growth
The report further states that by November 2024, the Indian mutual fund industry had hit a record ₹68 lakh crore in assets under management (AUM), a whopping 34% jump from December 2023's ₹50.78 lakh crore. The highest growth was seen in equity mutual funds, which made up 45% of the total AUM at ₹30.5 lakh crore.
SIP growth
SIPs reach record high in 2024
Systematic Investment Plans (SIPs) also touched new peaks in 2024, with an AUM of ₹13.54 lakh crore in November. The number of SIP accounts also reached a record high at 10.23 crore during the period, marking a major jump from September's 10.12 crore. Monthly SIP inflows also witnessed phenomenal growth, increasing 48% YoY from ₹17,073 crore in November 2023 to ₹25,320 crore in November 2024.