India’s Leading BFSI & FinTech Companies 2024

[ ASSET MANAGEMENT SECTOR OVERVIEW ] India’s Leading BFSI and FinTech Companies 2024 51 Growth in AUM of Mututal Funds ( ` tn) Source: RBI, Dun & Bradstreet Research PERFORMANCE OF ASSET MANAGEMENT SECTOR IN FY2023 During FY2023, gross resource mobilisation of mutual funds increased by 12.8% to ` 105.1 trillion. Redemptions also kept pace with fund mobilisation and showed an increase of 15% in FY2023. In terms of sector- wise share in gross resource mobilisation, share of private sector mutual funds decreased to 73.8% FY2023 from 77.3% in FY2022. In terms of net fund inflow, public sector mutual funds dominated their private peers with almost 80% share in total inflow of funds. Private sector mutual funds saw their net fund inflow decrease by 89.2% ( ` 159.83 bn) in FY2023 as compared to FY2022. AUM of mutual funds witnessed a growth of 4.9% y-o-y to ` 39.4 trillion with open-ended schemes accounting for more than 99% share in total AUM. The expansion in AUM can mainly be attributed to an increase in the asset base of passive schemes and equity-oriented schemes by ` 1.8 trillion and ` 1.5 trillion respectively over the previous year. During FY2023, the demat accounts rose to 114 mn. The major achievement for Indian capital market during FY2023 was to complete the transition to T+1 settlement cycle. Dun & Bradstreet