MFs log strong 19% AUM growth at Rs 32.1 trillion in March quarter

SBI cements pole spot, widens lead over HDFC MF; Among top 10, Axis MF has logged highest growth in average AUM at 42% to Rs 1.96 trillion

The domestic mutual fund (MF) industry has posted healthy growth in assets under management (AUM) for the quarter ended March 2021. Average AUM for the quarter rose 19 per cent to Rs 32.1 trillion from Rs 27.03 trillion in the March 2020 quarter.

Average AUM for the equity segment during the March 2020 quarter had taken a hint due to selloff caused by the pandemic. However, the growth is still an impressive 14 per cent even if one compares average AUM at the end of January 2020—before the selloff—of Rs 28.2 trillion.

The growth in assets has been underpinned by