Financial Services Q2 Preview - Slowdown In Disbursement Growth Trend; Credit Costs To Be High: DRChoksey

Deven Choksey Research Report

During the quarter, the mutual fund industry experienced significant assets under management growth owing to increased traction in equity-oriented funds. According to AMFI data, the Indian mutual fund industry's assets under management were Rs 67.1 trillion as of September 30, 2024, representing a 44.0% YoY/ 9.7% QoQ growth despite market volatility. This was fueled by the continued surge in SIPs.

The industry equity-oriented segment's share in the overall mix improved to approximately 46.4% as of September 30, 2024, as against 41.0% as of September 30, 2023. The industry's equity-oriented AUM stood at Rs 31.1 trillion.

We expect HDFC Asset Management Company Ltd. to see a contribution of ~11.0% to the overall industry AUM.

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