The total assets under management of equity mutual funds surged by 46% in FY24, an analysis by ETMutualFunds showed. The asset under management for equity mutual funds in April 2023 was at Rs 15.84 lakh crore and it increased to Rs 23.12 lakh crore in February (last available data), according to the monthly data released by AMFI.
ETMutualFunds also looked at how the assets under management of all equity mutual fund categories moved during the year.