Mutual fund AUM grew 22%/23% YoY during April-25/May-25, driven by 23%/25% growth in equity AUM.
(Representative image. Source: Canva AI)
The non-lending financial industry witnessed a strong recovery across segments in Q1 FY26. Positive market sentiment boosted activity in the cash segment and AUM growth for AMCs/wealth managers/distributors. For life insurers, premium growth was subdued, though we expect an improvement in profitability. General insurers witnessed a marginal recovery in underlying demand, but they are expected to face elevated claims.