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.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.