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Time of India
25-07-2025
- Business
- Time of India
MF assets in Gujarat cross Rs 5L cr in June, biggest monthly rise on record
Ahmedabad: Mutual fund assets under management (AUM) in Gujarat crossed the Rs 5 lakh crore mark in June, with the state recording its highest-ever monthly increase in AUM. According to data by the Association of Mutual Funds in India (AMFI), overall, AUM in Gujarat rose to Rs 5.27 lakh crore — up by Rs 29,884 crore from Rs 4.97 lakh crore in May. This is the sharpest ever growth in MF AUMs in a month, according to AMFI. It was led by equity-oriented schemes, which accounted for Rs 3.36 lakh crore of the total. Debt funds contributed Rs 81,182 crore, while liquid funds stood at Rs 63,886 crore. Gold exchange-traded funds (ETFs) also comprised Rs 931 crore in the overall corpus. Experts attribute the rise in MF assets to improved investor sentiment, strong stock market performance, and a favourable near-term outlook. "While SIPs continue to bring in steady contributions, many investors are also booking profits in the direct equity market and reallocating to mutual funds for better diversification," said Jayesh Vithalani, an Ahmedabad-based financial consultant. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad According to industry players, the MF industry also saw broad-based growth in June across investor accounts, SIP contributions, new folios, and product offerings. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eine zielgerichtete Strategie für Ihre finanzielle Zukunft eToro Click Here Undo "Nationally, the sector added several new investors and opened lakhs of fresh folios, an indication of rising financial awareness and trust in mutual fund products across urban and semi-urban markets," said a source privy to the development. NFO activity picked up momentum in June, indicating healthy demand for new themes and strategies. Sector-specific and passive investment products continued to draw interest, as did hybrid and multi-asset funds. With Gujarat among the top contributors to mutual fund growth, market participants expect the trend to remain strong in the coming quarters — supported by sustained retail participation, SIP inflows, and the ongoing shift towards financial assets. Overall inflows in Q1 in Gujarat | Month | MF AUM (Rs Lakh Cr) | Difference (Rs Cr) | |-------|---------------------|--------------------| | June | 5.27 | 29,884.27 | | May | 4.97 | 17,208.30 | | April | 4.80 | 16,605.97 | Source: AMFI
Time of India
28-04-2025
- Business
- Time of India
With market volatility, Gujarat investors shift from equity MF to gold
Ahmedabad: Gujarat's famed equity investors, known for their bullish spirit, have been reining in their bets. In the January-March quarter of 2025, mutual fund (MF) assets under management (AUM) in the state shrank by a hefty Rs 35,685 crore, according to the latest data from the Association of Mutual Funds in India (AMFI). The total AUM fell from Rs 4.88 lakh crore in Jan to Rs 4.63 lakh crore by the end of March, with equity mutual funds bearing the brunt of the slide. However, market volatility isn't the only reason for the shrinking MF kitty. Investors are considering alternative asset classes, such as gold, to park their funds before markets went from bad to worse. According to Ahmedabad Air Cargo Complex (AACC), gold imports in the Jan-March quarter stood at 30.5 metric tonnes (MT) in Gujarat, an increase of 33.75% against the same period in 2024, when 22.84 MT of gold was imported. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Moreover, in a telling shift, gold exchange-traded funds (ETFs) saw net inflows of Rs 146.98 crore during the quarter — a small but clear sign of investors seeking the comfort of a traditional safe haven amid the market squall. According to market experts, Gujarat investors still veer towards equity investments, and when it comes to gold, physical bullion is more popular than ETFs. Against this backdrop, the BSE Sensex dipped only 1.3% in the last quarter of 2024-25. Putting this in perspective, Jayesh Vithalani, a financial consultant, said, "March always witnesses heavy redemption, but this year, there were two key factors — shifting asset class to gold and tax planning. Given the geopolitical uncertainty, the rise in gold prices over the $3,300 level was anticipated, and many shrewd investors therefore also shifted their asset class to gold to keep their wealth growing. Investors also booked gains to manage their capital gains tax liabilities and even booked losses deliberately to offset earlier gains." Equity MF AUM alone fell from Rs 3.05 lakh crore to Rs 2.94 lakh crore over the last three months of FY25, as investors scrambled to book gains ahead of the financial year-end. Moreover, US tariff moves kept the Indian equity markets edgy, impacting fresh inflows and pushing some investors to cut their exposure too, said Vithalani. While systematic investment plan (SIP) inflows nationwide held up relatively well, Gujarat saw a visible dip in fresh investments. Liquid funds recorded an outflow of Rs 10,509 crore, while debt funds shrank by Rs 4,931 crore as risk aversion spread across segments. (GFX sent to designers) Head: MF kitty in Q4 of FY25 Month AUM (₹ lakh cr) Erosion (₹ cr) Jan 4.88 -11,266.58 Feb 4.76 -11,540.65 Mar 4.63 -12,887.86 Source: Association of Mutual Funds in India AUM: Asset Under Management
