Ch.3 · Custodian and RTA Functions · medium
What is the 'Indian mutual fund industry's AUM milestone' that reflects the sector's growth?
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EXPLANATION
The Indian mutual fund industry has grown exponentially — from about ₹10 lakh crore AUM in 2014 to over ₹50 lakh crore by 2024. Key drivers include SIP popularization, financial inclusion initiatives, growing retail investor participation, regulatory reforms, and the 'Mutual Fund Sahi Hai' awareness campaign. The industry's SIP book has also grown to over ₹20,000 crore per month.
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