 "FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks")
The domestic mutual fund (MF) industry’s assets under management (AUM) topped Rs 40 trillion for the first time in November.
The number soared on the back of a post-Covid-19 market rally and the rise of retail participation.
The industry took just two-years to complete the journey from Rs 30 trillion to Rs 40 trillion. Previously, Rs 10-trillion took more than three years to come.
Meanwhile. as of November-end, the top-five fund houses had a share of 55 per cent in the total AUM, with SBI MF being the largest fund house with the total AUM of
