Mutual funds in Kerala have recorded an unprecedented rise, with the total investment value (AUM) reaching ₹84,743.26 crore, the highest ever reported, according to data from the Association of Mutual Funds in India (AMFI).

Nationally, mutual fund investments saw a sharp decline in September, with ₹71,114 crore being withdrawn from mutual fund schemes across India. In contrast, investments from Kerala increased, with Malayalees contributing ₹2,930.64 crore last month alone.

The growth in investments from Kerala has been seen across all categories except liquid/debt funds, and the trend of increasing investments has been consistent every month. Following the COVID-19 pandemic, there has been a surge in investment activity.

Malayalees, in particular, are showing a strong preference for equity-based funds. There has also been a notable rise in gold investments and Fund of Funds (FoF) investments in foreign funds compared to previous years.