Hello, Investors!
As we close the year, it’s crucial to step back and see where the tides have taken us in the mutual fund seas. December brought us some intriguing twists and turns in the market. Here’s the deep dive into the trends, triumphs, and tribulations for the month of December.
Industry Highlights.
- Mutual Fund AUM All-Time high : Total assets under management (AUM) experienced a slight dip to ₹66.93 lakh crore, primarily due to tax-time financial strategies affecting debt funds. Nonetheless, the year-on-year growth remains robust at 31.81%.
- Folio Growth: The mutual fund industry added approximately 41.89 lakh new folios in December 2024, primarily driven by equity-oriented schemes. This marks the 49th consecutive month of positive folio growth, underscoring sustained retail interest and confidence.
Source: AMFI, CRISIL MI&A Research
Types of Mutual Funds and Their Performance
Key Highlights and Unique Observations:
- Equity Funds: Saw significant inflows of ₹41,156 crore, driven by impressive activity in mid-cap funds, which recorded the highest-ever monthly inflow.
- Debt Funds: Closed the month at ₹15.67 lakh crore, facing a notable reduction due to seasonal financial activities, but long-duration and gilt funds saw positive flows, benefitting from the anticipation of rate cuts.
- Hybrid Funds: Maintained stability with AUM at ₹8.77 lakh crore, led by multi-asset-allocation funds which saw substantial inflows.
- Passive Funds: Continued to attract investments with ₹784 crore in inflows, showing sustained interest in index funds despite market downturns.
- Gold ETFs : Despite market volatility, they managed to secure steady investments, underscoring their status as a safe-haven asset.
SIP (Systematic Investment Plan) Insights
SIP contributions remained robust at ₹26,459 crore, demonstrating a steady commitment from investors amidst market fluctuations.
The number of SIP accounts increased, reflecting ongoing interest and confidence in systematic investments as a long-term strategy.
Asset Contribution: SIPs contributed significantly to the overall mutual fund assets, accounting for approximately 20.4% of the industry’s total AUM.
New Schemes Launched in Dec’24
Category | Scheme Name | Fund House |
---|---|---|
Debt Fund | Franklin India Long Duration Fund | Franklin Templeton |
Mirae Asset Long Duration Fund | Mirae Asset | |
Equity Fund | Groww Multicap Fund | Groww |
Aditya Birla Sun Life Conglomerate Fund | Aditya Birla Sun Life | |
Axis Momentum Fund | Axis Mutual Fund | |
Bajaj Finserv Healthcare Fund | Bajaj Finserv | |
Bank of India Consumption Fund | Bank of India | |
DSP Business Cycle Fund | DSP Mutual Fund | |
ICICI Prudential Equity Minimum Variance Fund | ICICI Prudential | |
Kotak Transportation & Logistics Fund | Kotak Mahindra | |
PGIM India Healthcare Fund | PGIM India | |
Quantum Ethical Fund | Quantum | |
SBI Quant Fund | SBI Mutual Fund | |
Shriram Multi Sector Rotation Fund | Shriram Mutual Fund | |
Union Active Momentum Fund | Union Mutual Fund | |
Hybrid Fund | Invesco India Multi Asset Allocation Fund | Invesco Mutual Fund |
Samco Multi Asset Allocation Fund | Samco Mutual Fund | |
Motilal Oswal Arbitrage Fund | Motilal Oswal | |
Solution Oriented Fund | Baroda BNP Paribas Childrens Fund | Baroda BNP Paribas |
Other Schemes | Aditya Birla Sun Life BSE India Infrastructure Index Fund | Aditya Birla Sun Life |
Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | Aditya Birla Sun Life | |
Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund | Axis Mutual Fund | |
Bandhan Nifty 200 Quality 30 Index Fund | Bandhan Mutual Fund | |
HDFC Nifty India Digital Index Fund | HDFC Mutual Fund | |
ICICI Prudential Nifty 500 Index Fund | ICICI Prudential | |
Kotak Nifty 100 Equal Weight Index Fund | Kotak Mahindra | |
Kotak Nifty 50 Equal Weight Index Fund | Kotak Mahindra | |
Motilal Oswal Nifty Capital Market Index Fund | Motilal Oswal | |
Nippon India Nifty Realty Index Fund | Nippon India | |
Nippon India Nifty Auto Index Fund | Nippon India | |
Tata BSE Select Business Groups Index Fund | Tata Mutual Fund | |
Edelweiss BSE Capital Markets & Insurance ETF | Edelweiss | |
Mirae Asset Nifty India New Age Consumption ETF | Mirae Asset |
Happy Investing,