Insta
A bus stop with an advertisement promoting mutual funds (INDRANIL MUKHERJEE/AFP/Getty Images)
A report by the Association of Mutual Funds of India (AMFI) and global analytics firm Crisil has estimated that the Indian mutual fund industry clocked an average growth of 12.5 per cent over the past decade. This performance is said to have outshone the growth achieved by the world and developed regions with India growing at double the pace as the rest of the world.
Assets worth Rs 23.96 trillion are being managed by the Indian mutual fund industry as of July 2018. Further, the mutual fund share in the amounts flowing into the capital market through the route of portfolio investments rose to 18.4 per cent in March 2018 which compares very favourably with the 8.5 per cent growth recorded in 2014.
Another notable feature of the Indian mutual fund industry is the presence of a high number of individual investors who make up for more than half of all assets. It is estimated that the mutual fund industry had 71 million individual folios out of which 67 million folios were retail.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest