“As we approach the end of another remarkable year, its time to celebrate the positive growth and success of the Mutual Fund Industry. The AUM has been increasing steadily, reflecting the growing trust and confidence of investors. The overall AUM stands at 49,04,992.39 crores in November 2023. We believe this trend will continue through December as well and the numbers will continue to remain positive,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
“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)
“Mutual Fund Industrys growth has been on an upward trend. The half yearly growth has been encouraging and we are optimistic that the trend will continue to grow. Irrespective of the global headwinds, Indian markets have shown resilience. DIIs have been strongly driving the market growth. The Mutual Fund industry crossing the 4 crore unique investors mark is a testament to Indian retail investors participation in equity markets through the Mutual Fund route,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).