Indian Mutual Fund Industry total Assets Under Management (AUM) has been growing at an impressive CAGR 20%.
This is mainly due to inclusion of retail investors on a large scale in last 5 years and growing confidence of domestic investors in long term potential of Indian economy.
More than 70% of the indicators for Indian Economy in July 2024 were showing positive trend. GST Collections, PMI Manufacturing Index, PMI services Index, growth in Air and port traffic, non-food credit and deposit growth were all trading in green.