Over the past five years, the Indian mutual fund (MF) industry has rapidly transformed itself. Following the 2008 panic that hit global markets, Indian MF had slipped into an extended hiatus; investors burned their fingers and their loss of faith ensured that for four years between 2008 and late 2011 the MF industry’s overall assets under management (AUM) clocked a compound annual growth rate (CAGR) of just 5 per cent. Fortunately, things have turned around since and the overall AUM has more than doubled from Rs 6.68 lakh crore to Rs 13.39 lakh crore, posting a healthy growth rate of 19 per cent per annum between 2011 and 2013. Possibly, the single biggest enabler of this growth has been technology.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
Read More