The Rise And Rise Of Equity Cult
The mutual fund industry in India has witnessed significant growth over the last decade, showcasing the increasing trust and participation of investors in MFs as a viable investment option.
The mutual fund industry in India has witnessed significant growth over the last decade, showcasing the increasing trust and participation of investors in MFs as a viable investment option.
Maharashtra's AAUM contribution increased from ₹22.41 lakh crore in February 2024 to ₹22.52 lakh crore in March 2024.
For December 2023, SIP contribution surged to an all-time high of ₹17,610.16 cr
Jio Financial-BlackRock JV files for mutual fund application on October 19, 2023; in-principal approval “under consideration” with SEBI
Mutual fund industry net AUM surges to ₹49,04,992.39 cr; 14 MF schemes launched last month
The SIP contribution for August rose to an all time high of ₹15,813 crore, while mutual fund folios touched an all time high of 15.42 crore in August 2023.
Though assets under management are at a record high of ₹40 lakh crore, it seems individuals have not embraced MFs completely, which poses both a challenge and an opportunity for the industry.
In dollar terms, however, India is down 7% YTD vs 19% for the US.