2
Indian mutual funds' assets under management surpass Rs 50 lakh crore
source link: https://nextbigwhat.com/indian-mutual-funds-assets-under-management-surpass-rs-50-lakh-crore/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Indian mutual funds’ assets under management surpass Rs 50 lakh crore
- The total assets under management (AUM) of the Indian mutual funds industry has exceeded Rs 50 lakh crore for the first time, with a significant contribution from systematic investment plans (SIPs).
- The total AUM has seen a growth of around six times in the last 10 years, with an increase of over Rs 10 lakh crore in the last year alone.
- December 2023 saw a record high of Rs 17,610 crore flowing in through SIPs, and the number of unique investors rose to 42.1 million, a significant increase from 19.1 crore in December 2018.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK