Mutual fund growth reverses to mean after 2021 sprint, shows data

AUM growth down 63% on account of lower investor addition, market slowdown

Growth of mutual funds (MFs) subsided in 2022 as the equity market struggled to inch up. Until November this year, the industry has added 5.8 million investors, compared with 6.8 million in the corresponding period last year. The assets under management has risen by Rs 2.6 trillion during the period, down 63 per cent from Rs 6.9 trillion in January-November 2021, reveals industry data.

The equity market has remained range-bound this year as foreign investors pulled out record sums from the Indian market. As of December 13, the Nifty50 has risen 7 per cent. Most of the growth has happened