INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Mutual fund is a very good story in India as assets under management doubled in the last four years, Sebi Chairman Ajay Tyagi
right way to enter equity markets"
With the BSE Sensex and NSE Nifty at their all-time highs, Tyagi stressed that this is good time for markets
high of 36,929.69 today while the Nifty was some 20 points away from its record at the time of filing this article.
In India, asset base of
mutual funds as a percentage of GDP is just 11 per cent while the world average is 62 per cent.
According to the Association of Mutual Funds
in India (AMFI), assets under management (AUM) of the Indian mutual fund industry grew 1.19 per cent sequentially to Rs 22.86 lakh crore in
June.
On a YoY basis, the industry AUM witnessed a growth of 20.57 per cent
The quarterly average assets under management (QAAUM) at the end of Q1 FY19 was Rs 23.40 lakh crore, up 19.91 per cent from Rs 19.52 lakh
crore at the end of Q1 FY18.
According to Sebi data, the total folio count at the end of June stood at 7.46 crore, up 1.57 per cent MoM and
