India has seen unparalleled growth in the number of investors entering mutual funds in the last decade. According to AMFI data, the AUM of the Indian Mutual Fund Industry has grown sixfold from Rs 7.66 trillion as of August 31, 2013, to Rs 46.63 trillion as of August 31, 2023. The total folios as of 31st August 2023 stood at 15.42 crores.
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