Mutual Fund Industry Sees 21% Growth in AUM, Reaching ₹81.50 Lakh Crore in March 2026

The mutual fund industry in India has experienced significant growth, with the total average assets under management (AUM) increasing by 21% to ₹81.50 lakh crore in March 2026, up from ₹67.40 lakh crore a year earlier. 

Key Players in AUM Growth 

ICICI Prudential Mutual Fund led the growth among mutual funds, adding over ₹2 lakh crore to its average AUM over the year. SBI Mutual Fund followed closely, with an addition of ₹1.80 lakh crore, while HDFC Mutual Fund increased its AUM by ₹1.50 lakh crore, maintaining its position among the top 3. 

Nippon India Mutual Fund saw a 30% growth rate, adding ₹1.44 lakh crore, and Kotak Mahindra Mutual Fund grew by nearly ₹1 lakh crore. These players have significantly contributed to the overall growth of the industry. 

Fastest Growing Fund Houses 

PPFAS Mutual Fund and Motilal Oswal Mutual Fund emerged as some of the fastest-growing fund houses, securing the 7th and 10th spots, respectively. PPFAS added ₹50,600 crore, while Motilal Oswal added ₹38,700 crore to their AUM. 

Other notable mentions in the top 10 fastest-growing fund houses include Aditya Birla Sun Life Mutual Fund, UTI Mutual Fund, and Tata Mutual Fund, with significant asset additions. 

Percentage Growth Leaders 

In terms of percentage growth, Angel One Mutual Fund, Unifi Mutual Fund, and Zerodha Fund House stood out with their assets growing by 2,100%, 1,200%, and 200%, respectively. These fund houses have shown remarkable growth in their asset base. 

Read More: NFO Alert: Kotak Mutual Fund Launches Multi Asset Active FoF! 

New Entrants in the Market 

Several new and recently launched fund houses are building their asset base. Jio BlackRock Mutual Fund reported assets of ₹16,711 crore, while Abakkus Mutual Fund and The Wealth Company Mutual Fund reported ₹3,129 crore and ₹1,403 crore, respectively. 

Conclusion 

The mutual fund industry in India has shown robust growth, with a 21% increase in AUM over the past year. Key players like ICICI Prudential, SBI, and HDFC Mutual Funds have contributed significantly to this growth, while new entrants are also making their mark in the industry. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.