Mutual funds: According to a survey by ICRA Analytics the Indian mutual fund industry. which has seen a spike in Activities under Management of more than five times the amount in the decade preceding the present may cross the Rs 100 lakh crore AUM mark in the span of two to three years. AUM of the mutual fund sector reached Rs 50 lakh crore for a single time in December 2023. In just 6 month it reached Rs 60 lakh crore, and in June 2024. it was at Rs 61.16 lakh crore. The net worth of assets (AUM) expanded increasing from Rs 44.39 lakh crores in June 2023 to Rs 61.16 lakh crore in June 2024, or over 38% (37.77%)
The month-over-month basis, the net AUM rose by approximately four percent (3.81%) from Rs 58.91 lakh crore in April 2024. Over the previous ten years, the industry’s AUM has increased dramatically, going from Rs 9.75 lakh crore in June 2014 to Rs 61.16 lakh crore in June 2024, or nearly 527%.
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