The asset under management of the medium to long duration fund category as on December 31, 2023 was at Rs 10,337.85 crore. The asset under management of the medium to long duration fund category has surged 16.80% in 2023, from Rs 8,850.88 crore in January to Rs 10,337.85 crore in November.
In the past decade, the mutual fund industry has experienced an astounding growth of over six times, surging from approximately Rs 8 lakh crore in 2013 to an impressive Rs 50.8 lakh crore by the end of 2023, as per data released by AMFI (Association of Mutual Funds in India).
Arbitrage funds received the highest net inflows among all mutual fund categories in 2023. What are arbitrage funds? How do they work? Will they continue to deliver good returns? Moneycontrol spoke to Kirtan Shah, founder of Credence Wealth Advisors, for answers.