MF Update: Mutual Fund Industry AAUM Hits Record High, Demonstrating Resilience The Mutual fund industry’s Average Assets Under Management (AAUM) reached a fresh all-time high of ₹83.14 lakh crore during the April-June 2026 quarter. This marks a robust 15.26% year-on-year increase and a 1.97% quarter-on-quarter rise, adding approximately ₹1.61 lakh crore over the previous quarter.
Economy Update: GST Collections Surge 13.9% in June to ₹1.95 Lakh Crore India’s gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to ₹1,94,812 crore in June 2026, driven by a strong 34.6% increase in import-related revenues and healthy domestic activity. Net collections after refunds grew 11.2% to ₹1,62,377 crore.
Industry Update: Healthy June 2026 Auto Sales Growth Led by Maruti, Tata, and Mahindra India’s top automakers reported strong passenger vehicle sales in June 2026, with Maruti Suzuki leading at 1,47,187 units (23.8% YoY growth), followed by Tata Motors at 62,076 units (67.4% YoY growth) and Mahindra at 60,393 units (27.7% YoY growth).
Corporate Trends: SBI Funds Management IPO Expected in Mid-July at ~$12.3 Billion Valuation SBI Funds Management Ltd, India’s largest asset management company with AUM exceeding ₹12.8 lakh crore, is preparing for a major IPO launch around July 13-16, 2026. The issue is structured as a pure Offer for Sale (OFS) of approximately ₹11,000-11,400 crore ($1.2 billion), with SBI and Amundi selling stakes.
