Assets under passive funds reached a record high of Rs 11.91 lakh crore, growing 3.9% on-month. ETFs recorded the highest ever inflows amounting to Rs 19,056.66 crore in April. Other fund categories continued to attract strong investor interest, witnessing an inflow of Rs 20,229 crore in April, marking the 54th consecutive month of net inflows.
In the passive category, gold ETFs experienced on-year growth in AUM, largely due to the rise in gold prices and strong yearly inflows. However, April 2024 saw outflows in gold ETFs probably due to profit booking by investors to take advantage of the rise in gold prices, according to a monthly note by AMFI.
Also Read | Equity MF inflows dip 3% to Rs 24,269 crore in April as investors turn to debt
April 2025 saw the highest ever monthly SIP contribution at Rs 26,632 crore and this increase reflects a higher inflow of funds into mutual funds through the SIP route, indicating investor confidence and a disciplined approach to investing.
The percentage of SIP assets relative to the total industry assets has remained relatively stable, ranging from 19.2% to 20.4% over the last six months highlighting the consistent contribution of SIPs to the mutual fund industry's growth, the note said.
The growth in SIP accounts and monthly contributions underscores the increasing financialization of savings in India, with more individuals opting for disciplined and systematic investment strategies.
The mutual fund industry’s AUM grew 6.47% from Rs 65.74 lakh crore in March 2025 to Rs 69.99 lakh crore in April 2025. During the month, the industry witnessed positive flows of Rs 2.77 lakh crore, with the debt category leading the pack, followed by the equity category. The growth was further driven by MTM gains as equity markets posted another on-month gain in April, with the Nifty 50 and Sensex climbing 3.48% and 3.67%, respectively.
The mutual fund industry added 17.87 lakh folios in April 2025, taking the total count to 23.63 crore, marking a 0.76% increase from March 2025. Equity funds, which account for 69.81% in the total folio count, led the growth, adding 11.33 lakh new folios during the month.
The Others category, primarily comprising passive funds, such as ETFs and index funds, added 4.26 lakh folios in April, accounting for 17.73% in the overall folio count. Overall, the growth in folio count reflects a broad-based growth across all open-ended categories, with equity and passive funds continuing to drive industry expansion.
In the three months ended March 2025, US debt funds, comprising bonds and money market funds, witnessed inflows, while outflows were seen in equity and hybrid funds. However, in March 2025, net outflows were seen in US debt mutual funds owing to the US Federal Reserve’s hawkish commentary, while there was a continued outflow from US equity funds due to geopolitical concerns and trade tariffs.
Also Read | Small & mid cap MF inflows dip marginally, both attract over Rs 3,000 crore in April
Equity mutual funds continued their positive momentum in April 2025, as reflected in both AUM growth and continued positive flows for the 50th straight month. The retail and domestic investors continued to drive equity mutual fund expansion in April, supported by a broad-based market rally and strong sentiment.
AUM of open-ended debt funds grew 15.55% in April to scale a new peak of Rs. 17.57 lakh crore from Rs. 15.21 lakh crore in March, surpassing the previous high of Rs 17.08 lakh crore in February 2025. Monthly net inflow in debt funds of Rs 2.19 lakh crore reversed the previous month’s net outflow of Rs 2.03 lakh crore, driven by the rapid declining interest rate giving investors an opportunity to seek higher returns.
In April, hybrid fund assets saw a 3.55% growth, reaching Rs 9.14 lakh crore from Rs 8.83 lakh crore in March 2025, driven by MTM gains and positive inflows of Rs 14,247.55 crore during the month.
In the passive category, gold ETFs experienced on-year growth in AUM, largely due to the rise in gold prices and strong yearly inflows. However, April 2024 saw outflows in gold ETFs probably due to profit booking by investors to take advantage of the rise in gold prices, according to a monthly note by AMFI.
Also Read | Equity MF inflows dip 3% to Rs 24,269 crore in April as investors turn to debt
April 2025 saw the highest ever monthly SIP contribution at Rs 26,632 crore and this increase reflects a higher inflow of funds into mutual funds through the SIP route, indicating investor confidence and a disciplined approach to investing.
The percentage of SIP assets relative to the total industry assets has remained relatively stable, ranging from 19.2% to 20.4% over the last six months highlighting the consistent contribution of SIPs to the mutual fund industry's growth, the note said.
The growth in SIP accounts and monthly contributions underscores the increasing financialization of savings in India, with more individuals opting for disciplined and systematic investment strategies.
The mutual fund industry’s AUM grew 6.47% from Rs 65.74 lakh crore in March 2025 to Rs 69.99 lakh crore in April 2025. During the month, the industry witnessed positive flows of Rs 2.77 lakh crore, with the debt category leading the pack, followed by the equity category. The growth was further driven by MTM gains as equity markets posted another on-month gain in April, with the Nifty 50 and Sensex climbing 3.48% and 3.67%, respectively.
The mutual fund industry added 17.87 lakh folios in April 2025, taking the total count to 23.63 crore, marking a 0.76% increase from March 2025. Equity funds, which account for 69.81% in the total folio count, led the growth, adding 11.33 lakh new folios during the month.
The Others category, primarily comprising passive funds, such as ETFs and index funds, added 4.26 lakh folios in April, accounting for 17.73% in the overall folio count. Overall, the growth in folio count reflects a broad-based growth across all open-ended categories, with equity and passive funds continuing to drive industry expansion.
In the three months ended March 2025, US debt funds, comprising bonds and money market funds, witnessed inflows, while outflows were seen in equity and hybrid funds. However, in March 2025, net outflows were seen in US debt mutual funds owing to the US Federal Reserve’s hawkish commentary, while there was a continued outflow from US equity funds due to geopolitical concerns and trade tariffs.
Also Read | Small & mid cap MF inflows dip marginally, both attract over Rs 3,000 crore in April
Equity mutual funds continued their positive momentum in April 2025, as reflected in both AUM growth and continued positive flows for the 50th straight month. The retail and domestic investors continued to drive equity mutual fund expansion in April, supported by a broad-based market rally and strong sentiment.
AUM of open-ended debt funds grew 15.55% in April to scale a new peak of Rs. 17.57 lakh crore from Rs. 15.21 lakh crore in March, surpassing the previous high of Rs 17.08 lakh crore in February 2025. Monthly net inflow in debt funds of Rs 2.19 lakh crore reversed the previous month’s net outflow of Rs 2.03 lakh crore, driven by the rapid declining interest rate giving investors an opportunity to seek higher returns.
In April, hybrid fund assets saw a 3.55% growth, reaching Rs 9.14 lakh crore from Rs 8.83 lakh crore in March 2025, driven by MTM gains and positive inflows of Rs 14,247.55 crore during the month.
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