Let’s talk mutual funds: A Systematic, Smart Way to Make Them Work for You
Author: Monika Halan
Publisher: Harper Business
Price: Rs 399
The mutual fund industry’s assets under management (AUM) have surged dramatically from Rs 7.61 trillion in July 2013 to Rs 46.4 trillion in July 2023 at a compound annual growth rate (CAGR) of 19.8 per cent. Monthly inflows via systematic investment plans (SIPs) crossed the Rs 15,000 crore mark for the first time in July. However, the pertinent question that needs to be asked is: Are retail investors deploying their money in mutual funds judiciously?
Consider this. Large-cap funds, known