The mutual fund (MF) industry saw a 22 per cent surge in assets under management (AUM) in the December quarter of 2023, marking the second-fastest growth during this period in the past six years. Data from the Association of Mutual Funds in India shows that the industry’s average AUM for Q4CY23 was Rs 49.2 trillion, up from Rs 40.3 trillion in the same period of CY22. This growth was driven by a sharp rise in the equity markets and robust inflows into equity schemes.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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