News From Press MC Graphixstory: Mutual funds’ AUM bigger than GDP of Sweden, Norway; 9-times Swiss gold reserves

MC Graphixstory: Mutual funds’ AUM bigger than GDP of Sweden, Norway; 9-times Swiss gold reserves

Source: Moneycontrol Jan 13, 2024

The assets under management of the Indian mutual fund industry touched the historic Rs 50-lakh-crore mark for the first time ever in December 2023, propelled by unabated inflows and rally in equity markets.

According to data released by the Association of Mutual Funds of India (AMFI), the AUM of the Indian MF industry has grown from Rs 8.26 lakh crore as on December 31, 2013 to Rs 50.78 lakh crore as on December 31, 2023, a more than 6 fold increase in a span of 10 years.

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