“Mutual Fund Industrys growth has been on an upward trend, and we are optimistic this will continue. Despite peaking interest rates, there s a notable surge in money market investments. Investors exhibit optimism in Gilt funds and a remarkable increase in contributions to small-cap funds, indicating strong confidence. The large-cap category has also witnessed a noteworthy resurgence, reflecting broader market recovery. SIP numbers show consistent month-on-month growth, underlining the strength of systematic investment plans,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI)
Investors have been pouring money into small cap, mid cap and thematic funds with abandon as the market has rallied. The sins committed in the build-up to this peak will only be revealed in the months and years to come
Biggest thing is that you are getting 5% on the US 10-year bond so that obviously is going to suck away some amount of risk capital out there and the fact that when they go underweight China, they relatively need to rebalance the other countries also. So, probably we are seeing some rub-off of that also, I would guess.
The mutual fund industry saw its assets grow from Rs. 39.88 trillion in September 2022 to Rs. 47.79 trillion in September 2023, reflecting a substantial 19.84% increase in assets compared to September 2022.
The contribution of systematic investment plans (SIP) to the mutual fund industry touched Rs 16,042 crore in September 2023, , assets under management, markets, economy, india, mutual fund industry