The industry last recorded its largest-ever month-on-month decline of nearly ₹5 lakh crore in March 2020, following a pandemic-induced selloff that caused the Nifty 50 to plunge 23.3% in a single month.
| Month | AUM Drop (MoM) |
| March 2020 | ₹5 lakh Crore |
| February 2025 | ₹2.7 Lakh Crore |
| June 2022 | ₹1.6 Lakh Crore |
| December 2024 | ₹1.1 Lakh Crore |
| March 2024 | ₹1.1 Lakh Crore |
AUM refers to the total market value of assets that a mutual fund or fund house manages on behalf of its investors. It includes investments across equities, debt instruments, money market securities, and other assets.
Total inflows into equity funds fell 26.5% month-on-month (MoM) in February to ₹29,242 crore, AMFI data showed. The ongoing sell-off in the Indian equities also led to the benchmark index posting its fifth consecutive monthly decline, dropping 6% in February and bringing the cumulative losses to 14.3% over five months through February 2025.
Steady SIP inflows and overall market buoyancy had pushed the mutual fund industry’s total Assets Under Management (AUM) past the ₹50-lakh crore mark in December 2023. Since then, the industry has added nearly ₹14 lakh crore to its total AUM. However, post-COVID-19, the sector has seen a decline of over ₹1 lakh crore on only four occasions.
“The decline in equity AUM can be attributed to mark-to-market corrections,” said Venkat N Chalasani, Chief Executive of AMFI, during a conference call.
Regarding Systematic Investment Plans (SIPs), inflows for the month stood at ₹25,999 crore, down 1.5%, primarily due to the fewer number of days in February.
After a strong performance in 2023, the mutual fund industry maintained its growth momentum in 2024, witnessing a remarkable ₹16.2 lakh crore surge in assets. This growth was fueled by buoyant equity markets, robust economic expansion, and rising investor participation.