Equity MF assets cross ₹40 trillion mark for the first time, shows data

Steady SIPs braved last year's fall - and cashed in when the market turned

Assets managed by equity mutual fund (MF) schemes — active and passive — breached the ₹40 trillion mark in May, a first.

 

Equity schemes have been the main engine of growth for the MF industry’s assets under management (AUM), with rising asset values driven by both market gains and steady inflows.

 

Growth in equity AUM has outpaced that of the overall industry in recent years, pushing equity schemes’ share of aggregate MF assets to 57 per cent in May 2025, up from 55 per cent in the same month last year. 

 

After stalling post-September 2024 due to a market pullback, equity AUM growth has picked up pace again.

 

As of May-end, equity AUM stood at ₹40.9 trillion — a 4.5 per cent rise over the previous month and a 17 per cent jump over three months. The rebound reflects both a market recovery and fresh inflows, mainly through systematic investment plans.

 

Active equity funds accounted for 78 per cent of aggregate equity AUM, while passive funds made up the remaining 22 per cent.