The total market value of all assets (securities) managed by a mutual fund, portfolio manager, or investment adviser on behalf of investors at a given point in time.
PrepClever Glossary · Mutual Funds
updateUpdated July 2026
AUM (Assets Under Management) is the single most important metric for judging the size of a mutual fund or AMC. India's total MF industry AUM crossed ₹60 lakh crore in 2024, making it one of the fastest-growing in the world.
AUM changes daily as: 1) market prices of held securities change, 2) investors buy new units (inflows increase AUM), 3) investors redeem (outflows reduce AUM).
AMC revenue = AUM × expense ratio. Larger AUM → more revenue for AMC.
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