 "Mutual funds's state of affairs")
Domestic mutual funds (MFs) have grown at a healthy pace in the past few years. The growth in assets under management (AUM) in the past one year has been 27%, despite equity markets remaining flat. Notably, it has been broad-based, with even smaller states/UTs witnessing encouraging growth.
Maharashtra, Delhi and Karnataka, the bulk of the industry’s AUM, grew slightly below the sectoral growth rate, while smaller states saw exponential growth, albeit on a low base.
Currently, the MF industry has around 10 million unique investors. Players say the investor count could climb 10-fold if smaller regions continue the growth trend.
Maharashtra, Delhi and Karnataka, the bulk of the industry’s AUM, grew slightly below the sectoral growth rate, while smaller states saw exponential growth, albeit on a low base.
Currently, the MF industry has around 10 million unique investors. Players say the investor count could climb 10-fold if smaller regions continue the growth trend.