MF News Rs.52 lakh crore MF AUM shows people believe in India’s growth story: PM Modi

Rs.52 lakh crore MF AUM shows people believe in India’s growth story: PM Modi

PM Modi spoke at the TV 9 Global Summit.

Team Cafemutual Feb 27, 2024

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The Prime Minister Narendra Modi said that the significant growth of the mutual fund industry over the last 10 years shows increasing confidence of investors in India’s growth story.

He was speaking at the TV 9 Global Summit held today in New Delhi.

The PM said that investment in mutual funds (AUM) went up from Rs.9 lakh crore in 2014 to over Rs.52 lakh crore in 2024. This shows that people have more confidence in India’s growth story and they believe that the country will continue to achieve greater milestones.

Today, every Indian believes that he can do anything and nothing is impossible for him, the Prime Minister added.

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