World-Beater: Indian Mutual Funds Outperform Global Growth By Over 100 Per Cent 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.

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