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  • News From Press AMFI Chairman Balasubramanian sees mutual fund industry AUM doubling in 5 years

    AMFI Chairman Balasubramanian sees mutual fund industry AUM doubling in 5 years

    Source: Moneycontrol Jun 24, 2017

    The assets under management (AUM) of the mutual fund industry is poised to double in the next five years, according to A. Balasubramanian, Chairman of Association of Mutual Funds in India.

    Currently, the total assets—equity and debt—managed by 43 active asset management companies stands at Rs 19.04 lakh crore. This is three times the asset base five years back.

    And while the growth rate may not be as spectacular going forward, Balasubramanian is confident that assets can still grow at a compounded rate of 20 percent for the next five years.

    Two factors have been driving inflows into mutual funds. One has been the increasing shift away from physical assets like the real estate and gold because of poor returns. A good chunk of that money is now going into financial instruments, notably equities and mutual funds.

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    1 Comment
    Prashant · 6 years ago `
    All this has happened because of distributors only. We have helped prople understand the rupee vost averaging and value of money and goal setting but AMFI the mutual fund lobby just used us and niw thrown us as well. Use and throw policy is what tbey have adopted. Also even if mf aum grows 5 times i feel distributor's income is going to remain same or will decrease because they are reducing it every now and then. That 1% pinches them so much that they just can not give it with grace to the people who brings them business and they will not cut a single paisa from their employee's salaries. Shame on them.
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