Mutual Fund AUM Rises 14.4% YoY in September, Led by Strong Equity Inflows from Maharashtra

India’s mutual fund industry recorded a 14.4% year-on-year growth in average assets under management (AAUM) for September 2025, driven primarily by sustained retail participation and rising SIP inflows. Maharashtra contributed over 40% of the total AUM, reflecting strong investor concentration in major urban centers. Equity-oriented schemes led the gains amid buoyant domestic sentiment. Axis Mutual Fund introduced a new Arbitrage Passive Fund to attract conservative investors. Analysts expect continued inflows as domestic earnings remain resilient and investors diversify away from fixed-income instruments.