This has been a phenomenal year for the mutual fund industry. There has been a meaningful expansion in equity flows, number of folios, systematic investments, beyond-top-15-cities (B15) applications and assets under management. In all these parameters, the addition was what the entire size of the industry was a few years ago. We are witnessing a J curve effect decades after the foundation was laid by the Securities and Exchange Board of India (Sebi), distributors and asset management companies (AMCs).
India will be superpower by 2047, but not high-income economy: Martin Wolf
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