Ahmedabad: The value of Gujarat investors’ equity mutual fund holdings rose by Rs 7,267.54 crore in June to a record Rs 3,87,309.73 crore. This was the third consecutive month of growth as a recovery in the stock market prompted investors to reconsider investments they had put on hold after the sharp fall in March.Assets under management (AUM), or the total value of investments managed by mutual funds, increased 1.91% from Rs 3,80,042.19 crore in May.The June increase followed gains of Rs 14,208.65 crore in April and Rs 14,250.75 crore in May. The three-month recovery came after equity AUM fell 5.25%, or Rs 19,480.87 crore, in March amid sharp swings in the markets.Compared with a year earlier, Gujarat’s equity mutual fund AUM grew 15.2%, from about Rs 3.36 lakh crore in June 2025 to Rs 3.87 lakh crore in June 2026.Wealth advisers said investor confidence had improved over the past three months. Clients who had held back fresh investments during the March correction are once again discussing investment opportunities, they said.“New investors are entering the market, while existing investors are increasing their SIP contributions. Those who have invested for years understand that a market correction offers an opportunity to rebalance their portfolios by adding funds or sectors that have become attractive after the fall,” said Jayesh Vithalani, a financial consultant based in Ahmedabad.
Gujarat equity MF AUM rises in June
“Investor confidence has improved because markets eventually recover from events such as geopolitical conflicts and global corrections. Investors are also becoming less particular about fund houses and are instead showing interest in themes such as infrastructure,” he added.Despite the rise in enquiries, most investors continue to prefer SIPs or investments spread over several instalments instead of putting in a large sum at one time. Advisers said this cautious approach was partly due to current market valuations.Industry participants said the rise in AUM could not be attributed entirely to fresh investments. AUM also increases when the market value of existing investments rises. Separate data on net inflows would be needed to determine how much fresh money investors put in during the month.Nevertheless, the increase over three consecutive months indicates that the value of equity mutual fund holdings has largely recovered from the March correction as stock markets regained lost ground.“The nature of investor conversations has changed and shows greater maturity. Earlier, investors were mainly asking whether the markets would fall further. They are now asking how much they should invest and over what period,” another Ahmedabad-based wealth adviser said.The pace of growth slowed in June. Equity AUM increased 1.91% during the month, compared with about 4% in both April and May. This suggests that investor confidence remains positive, although the strong recovery immediately after the March correction is losing pace.
