Domestic MF industry's average AUM grew 19% to Rs 38.37 trn in FY22

The average assets under management (AAUM) for the domestic mutual fund (MF) industry grew 19.5 per cent from Rs 32.1 trillion in March 2021 quarter to Rs 38.4 trillion during the March 2022 quarter.

Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.

SBI MF continued its dominant position with AAUM of Rs 6.47 trillion compared to Rs 5 trillion in Jan-March 2021, a growth of 28.27 per cent. HDFC MF slipped to third position with AAUM of Rs 4.32 trillion, while ICICI Prudential MF climbed to