Indian Mutual funds
(MFs) are headed for a cash-rich 2014 with an estimated addition of about Rs. 3
lakh crore to its asset base to become a Rs.11 trillion market.
Helped by a smart
rally in the equity market, the mutual funds' assets under management hit a
record high of Rs. 10.96 lakh crore in October, 2104 itself and has remained
near Rs. 10.9 lakh crore as the year draws to a close.
"2014 witnessed
significant milestones for the MF industry, with assets growing about 32% to
about Rs.11 lakh crore as on November, 2104" MF industry body AMFI's
Chairman and top fund house Reliance Mutual Fund's chief Mr. Sundeep Sikka
said.
The number of
investors have also grown substantially this year, Mr. Sikka said, while adding
that a rally in markets & improving economic indicators are expected to
result in a much more broad-based participation in 2015. especially among
retail investors.
In 2014, the total
assets under management (AUM) of all 45 fund houses put together soared by
30% on improved stock markets condition and strong inflows in equity and
'liquid' or / 'money market', industry estimates show.
This was the 3rd
consecutive yearly rise in the industry AUM, after a drop in the assets base
for 2 preceding years.
MF AUM ..!
2014 End Rs 11.00 lakh crore
2013 End Rs 8.26 lakh crore
2012 End Rs 8.08 lakh crore
2011 End Rs 6.11 lakh crore
2010 End Rs 6.26 lakh crore
2009 End Rs 6.65 lakh crore .
The MF investor base
reached its peak of 4.11 crore in March 2009, while it was 3.77 crore in March
2008.
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