The assets under management of the Indian mutual fund industry surged 35% and stood at Rs 53.40 lakh crore in March 2024 as compared to Rs 39.42 lakh crore in March 2023, according to a report by ICRA Analytics.
The top 10 fund houses are gradually losing ground to their smaller peers, even as they continue to hold the lion’s share in the total assets under management (AUM) of the mutual fund (MF) industry