The mutual fund industry in India has been steadily growing over the years, with more and more investors turning to mutual funds as a means of investment. In the latest quarter, the industry’s average assets under management (AUM) stood at a whopping ₹58.96-lakh crore. What’s even more impressive is that the top-15 mutual funds accounted for a staggering 89 per cent of this total AUM. This is a clear indication of the trust and confidence that investors have in these top-performing mutual funds.
The mutual fund industry in India has come a long way since its inception in 1963. It has evolved and adapted to the changing market conditions, making it a preferred investment option for both retail and institutional investors. The industry has witnessed significant growth in recent years, with the average AUM growing at a CAGR of 18 per cent over the last five years. This growth can be attributed to various factors such as the rise in disposable income, increased awareness about mutual funds, and the ease of investing through digital platforms.
In the June quarter, the total average industry AUM stood at ₹58.96-lakh crore, with the top-15 mutual funds accounting for ₹52.46-lakh crore. This is a clear indication that these mutual funds have been successful in attracting a significant portion of the total AUM. The top-15 mutual funds include both equity and debt funds, catering to the diverse investment needs of investors. These funds have consistently delivered impressive returns, making them the go-to choice for investors.
One of the key reasons for the success of these top-15 mutual funds is their strong track record. These funds have consistently outperformed their benchmark indices and peers, delivering attractive returns to investors. This has helped in building trust and confidence among investors, who are now more willing to invest in these funds. Moreover, these funds have a robust investment strategy and a team of experienced fund managers who carefully select the right mix of stocks or bonds to generate optimal returns for investors.
Another factor that has contributed to the success of these mutual funds is their customer-centric approach. These funds have a strong focus on investor education and awareness, helping investors make informed investment decisions. They also offer a wide range of investment options, catering to the diverse risk appetite of investors. This has made it easier for investors to choose the right fund that aligns with their investment goals.
The rise of digital platforms has also played a crucial role in the growth of these top-15 mutual funds. With the ease of investing through online platforms, investors can now invest in mutual funds with just a few clicks. This has made the entire process of investing hassle-free and convenient. Moreover, these platforms offer various tools and resources that help investors track their investments and make informed decisions.
The success of these top-15 mutual funds is a testament to the growing popularity of mutual funds as an investment option. It also highlights the increasing trust and confidence that investors have in these funds. With the Indian economy on the path of recovery, the mutual fund industry is expected to witness further growth in the coming years. This will provide more opportunities for these top-performing mutual funds to attract a larger share of the total AUM.
In conclusion, the fact that the top-15 mutual funds accounted for 89 per cent of the total average industry AUM in the June quarter is a clear indication of their dominance in the mutual fund industry. These funds have consistently delivered impressive returns, built trust among investors, and have a customer-centric approach, making them the preferred choice for investors. With the industry expected to grow further, these top-15 mutual funds are well-positioned to continue their success story and provide attractive returns to investors.
