INDIA MUTUAL FUND INDUSTRY - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)
The mutual fund industry's SIP collections decreased by 4% to INR 96,000 crore in FY 2020–2021 as a result of lockdowns brought on by COVID–19. Uncertain income was the result. The epidemic led to many investors making the decision to stop their SIPs. The contribution decreased for 11 months in a row after reaching a peak of Rs 8,641 crore before surging to new highs.
In February 2022, the Indian mutual fund industry's average assets under management (AAUM) totaled INR 38,56,140 crore. In May 2014, the industry's AUM first surpassed the landmark of INR 10 trillion (INR 10 lakh crore). The AUM more than doubled in around three years, and in August 2017 it first surpassed INR 20 trillion (INR 20 lakh crore). In November 2020, the AUM size surpassed INR 30 trillion (INR 30 lakh crore) for the first time. As of February 28, 2022, the industry's AUM was INR 37.56 trillion (INR 37.56 lakh crore).
The asset size of the mutual fund (MF) sector increased due to the robust performance of the equity markets and net inflows to equity schemes. The average assets under management (AAUM) of the sector were valued INR 36.17 trillion for the quarter that ended on December 31, 2021, representing an increase of approximately 30% over the previous year.
Major Players: HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Aditya Birla Sun Life Mutual Fund, UTI Mutual Fund.
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