Indian mutual funds currently manage over assets worth over Rs 20 lakh crore that is roughly a fifth of total bank deposits in the country. Though it's an important milestone, but it's is still a far cry from the situation in developed markets. For example in the US, assets managed by mutual funds is about 150% of bank deposits. To reach higher milestones, however, we need a wider participation of the masses, including the business community .
6 equity mutual funds offer over 25% CAGR in five years
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