Is mutual fund industry growing in India?

Is mutual fund industry growing in India?

Over the last five years, mutual fund industry AUM has seen a CAGR of 20.6 per cent and equity-oriented AUM has grown at a CAGR of 25 per cent. “Despite the high growth, India’s mutual fund AUM to GDP ratio remains significantly low at 15 per cent, as compared to a global average of 75 per cent.

How mutual fund industry is growing?

Overall, the industry’s assets under management (AUM) rose by 41 per cent year-on-year to close at Rs 31.4 lakh crore. Over the past five years, the industry’s AUM has seen a compound annual growth rate (CAGR) of 20.6 per cent, and equity-oriented AUM has increased at a CAGR of 25 per cent.

How the development of mutual fund industry took place in India?

According to AMFI1, there are five broad phases of the development of the industry. The first phase (1964-1987) started with the formation of the UTI by an Act of the Parliament and Unit Scheme 1964 (US’ 64) was the first MF scheme launched by it in 1964. By the end of 1988, UTI had AUM of `67.0 billion.

How big is mutual fund industry in India?

As of 30 June 2021, the AUM (Assets Under Management) of the Indian mutual fund industry is around INR 33.67 trillion. The AUM of the Indian Mutual fund Industry as of 30 June 2016 was INR 13.81 trillion.

Which mutual fund has highest AUM in India?

SBI Mutual Fund
SBI Mutual Fund retained the mantle of being the largest fund house in terms of assets. Its assets under management, or AUM, grew by Rs 1.03 lakh crore, from Rs 3.52 lakh crore in December quarter 2019 to Rs 4.56 lakh crore in December quarter 2020.

Which mutual fund is best in India?

Top 10 Mutual Funds in India

  • Mirae Asset Large Cap Fund. Small Cap Funds. 21.91% 16.88% Invest.
  • Axis Bluechip Fund. Mid Cap Funds. 24.09% 18.27% Invest.
  • ICICI Prudential Bluechip Fund. Mid Cap Funds. 20.18% 15.43% Invest.
  • SBI Bluechip Fund. MultiCap Funds. 22.26% 14.03% Invest.
  • SBI Flexicap Fund. Balanced Funds. 22.18% 15.14% Invest.

How big is the mutual fund industry?

The global mutual fund assets market size was valued at $54.93 trillion in 2019, and is projected to reach $101.2 trillion by 2027, growing at a CAGR of 11.3% from 2020 to 2027. A mutual fund is one of the most preferred investment alternatives for small investors in the market.

Which mutual fund scheme has highest AUM?

Who started the first mutual fund in India?

The first mutual fund scheme that was introduced in India by UTI was in the Unit Scheme (1964). UTI had Assets Under Management worth Rs. 6,700 Crores, by the end of the year 1988.

What is the full form of NAV?

Net Asset Value (NAV) is calculated as the current value of total assets minus the total value of all liabilities, divided by the total number of outstanding units. NAV allows an investor to track the performance of a fund.

Which is the biggest mutual fund company in India?

1. SBI Mutual Fund

AUM (In crore) Number of Funds
579318.28 135

How big is mutual fund industry?

Assets under management (AUM) for the domestic mutual fund (MF) industry are expected to soar to Rs 92 trillion by 2029-30. This will imply growth of 12.7 per cent annually between FY21 and FY30. The industry’s AUM at the end of June 2021 quarter stood at Rs 34 trillion.