In 2024, the assets under management (AUM) of open-ended mutual funds have grown ~29%, increasing from ₹52.44 lakh crore in January to ₹67.81 lakh crore in November 2024, with equity mutual funds leading the growth. Equity mutual funds saw a 35% increase in their total AUM in 2024, rising from ₹22.50 lakh crore in January to ₹30.35 lakh crore in November.
Over the past decade, the AUM of the Indian MF industry has grown from ₹10.90 trillion on November 30, 2014, to ₹68.08 trillion on November 30, 2024, marking an increase of more than 6 times.
Looking at the growth of the Indian Mutual Fund industry, we take this opportunity to share the most bought equity SIPs on Angel One in 2024.
Scheme | AUM (₹ Crore) | NAV (₹) |
HDFC Small Cap Fund | 33,841.89 | 162.46 |
Aditya Birla Sun Life PSU Equity Fund | 5,531.87 | 35.84 |
Quant Small Cap Fund | 27,160.76 | 290.22 |
Motilal Oswal Midcap Fund | 22,897.62 | 130.31 |
SBI Contra Fund | 41,906.9 | 421.89 |
HDFC Mid Cap Opportunities Fund | 76,060.89 | 212.23 |
Nippon India Small Cap Fund | 61,646.36 | 201.51 |
SBI PSU Fund | 4,686.1 | 35.08 |
Nippon India Large Cap Fund | 35,313.48 | 99.87 |
ICICI Prudential Value Discovery Fund | 48,987.78 | 490.06 |
Source: Angel One
Criteria: Most bought equity SIPs are listed based on the count of orders received from January 1 to December 17, 2024. These are provided only for informational purposes.
It is important to note that the above schemes are the most invested ones on Angel One. These are not recommendations.
You should do your own research before investing in stocks and mutual funds. Consider your financial goals, risk appetite, etc. or consult a financial advisor.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The securities/scrip mentioned are for informational purposes only and not for recommendation.
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