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The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.
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The diversification of portfolio is done by investing in such securities which are inversely correlated to each other. Money is collected from investors by way of floating various collective investment schemes, e.g. mutual fund schemes. In general, an AMC is a company that is engaged primarily in the business of investing in, and managing ...
In this article we discuss the 10 best mutual funds for 2021. If you want to skip our detailed analysis of these mutual funds, go directly to the 5 Best Mutual Funds for 2021. Amid the economic ...
The best mutual fund for you will be one that meets your investment goals, has low fees and performs well over time. Learn about the top picks for 2021. Best Mutual Funds To Invest In Now: 12 Top ...
Most mutual funds firms in India are its members. The organisation aims to develop the mutual funds market in India, by improving ethical and professional standards. [2] As of April 2015, there are 44 members. [3] These are asset management companies which are registered with AMFI with assets under management of over ₹27 lakh crore. [4]
SBI Mutual Fund; Securities and Exchange Board Of India (Mutual Funds) Regulations, 1996; U. UTI Asset Management
In 1998, it formed a joint venture with ICICI Bank named ICICI Prudential Mutual Fund which is located in Mumbai and is currently one of the largest asset management companies in India. [1] [2] [3] [6] [7]
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