New Delhi, 2 March (IANS). The Mutual Fund industry has registered a great increase in assets (AUMs) under management, which increased from Rs 5.89 lakh crore in May 2008 to Rs 53.4 lakh crore in March 2024. This information was given in a latest report.
According to the report of the Association of Mutual Funds in India (AMFI) and Crisil, there has been a steady increase in the share of mutual funds in Indian domestic savings, which has increased from 7.6 percent to FY 2023 in FY 2023 in FY 2021. This growth is a proof of the growing importance of the industry and the trust given by investors in it.
The Mutual Fund Industry has played an important role in empowering Indian families and investors to be part of the country’s development story, which has provided a platform for wealth creation and financial increases.
Despite the ongoing instability in the stock market, AUM for all open-ended schemes in January reached a slight increase of 0.49 percent to Rs 66.98 lakh crore.
According to the AMFI report, the mutual funds have made it possible to benefit from diversified portfolio to be managed by experienced professionals with minor investment for investors.
The report stated that the industry has seen a great increase in digital transactions, about 90 percent of all mutual fund procurement in FY 2024 has been done through digital channels.
Regulator, SEBI has played an important role in maintaining the integrity and stability of the mutual fund landscape.
According to AMFI President Navneet Munot, the regulatory structure has not only helped the safety of investors, but has also encouraged fund managers to follow the high standards of accountability and operations.
He said, “SEBI has strengthened the credibility of mutual funds as reliable investment means, making it a favorite option for investors planning to retirement, housing, children’s education and long -term wealth creation for long -term.”
He further stated that retail investors have played an important role in providing stability to capital markets and advancing the development of mutual fund industry.
The report said that female investors now have more than 25 percent of individual investors and have 33 percent of the total AUM.
-IANS
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