Mutual fund industry on a high, asset surges Rs 17 trillion in 2024

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Mutual fund industry on a high, asset surges Rs 17 trillion in 2024 - Business Standard

Quick Summary:

After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation.

Kaustubh Belapurkar, Director-Manager Research at Morningstar Investment Research India, said, "The mutual fund industry's assets are expected to continue growing at a healthy pace in 2025.

With rising penetration among retail investors, flows into equity funds, particularly through Systematic Investment Plans (SIPs), are likely to remain robust".