Fuelling a Decade of Growth : Insights on the Rise of India Mutual Fund Industry with Yaseen Sahar
Over the past decade, India s mutual fund industry has experienced significant growth, with assets under management (AUM) increasing from ₹8.25 trillion in 2014 to over ₹66 trillion by August 2024. This growth has been driven by factors such as increased investor awareness, a rising middle class, and supportive regulatory policies. Systematic Investment Plans (SIPs) have played a crucial role in boosting retail participation, with SIP inflows reaching ₹23,000 crores per month in July 2024. The mutual fund distribution community has been instrumental in this growth, particularly in Tier 2 and Tier 3 cities, where they have worked to educate and build trust with new investors. Regulatory changes, such as SEBI s categorization of mutual fund schemes in 2017, have also contributed to a more transparent and accessible market. Investors have embraced mutual funds as a means of wealth creation, with a shift from traditional assets like gold and real estate to financial products. Yaseen Sahar, an industry leader with over two decades of experience, has emphasized the importance of financial literacy and education in promoting informed decision-making among investors. Key numbers highlighting the industry s growth include the increase in SIP accounts from 2.6 crore in 2017 to over 6.5 crore today. Looking ahead, Sahar predicts that ESG (Environmental, Social, and Governance) factors and thematic funds will continue to gain traction, with passive investing through index funds and ETFs also expected to grow. To ensure continued trust and growth in a highly competitive landscape, transparency, regular communication, and education are essential. Technology, such as AI-driven tools, can also help personalize investment advice and improve decision-making. In summary, the remarkable growth of India s mutual fund industry over the past decade is a testament to the collective efforts of investors, distributors, and regulators. With trends like ESG investing and the rise of passive funds on the horizon, the potential for continued expansion is
Source: dnaindia.comPublished on 2024-10-05
Related news
- Kim Kardashian SKIMS , Coke and IKEA Accused of Greenwashing
- Jabil : Why the Future of SCM is Risk Management
- Is greenwashing a threat to sustainable construction ?
- Understanding sustainability : Lessons from Global CEOs - The Noel DCunha Sunday Column
- SEC climate disclosure plan could be in trouble after a recent Supreme Court ruling , but a bigger question looms : Does disclosure work ?
- Lawsuits Target Exxon Social Media Green Washing – Advanced BioFuels united states
- Cop15 : Australia , US commit to measuring value of nature and reflecting it in national accounts
- Introduction of the LESS Steel Label in Germany : An Important Step for Steel Decarbonization , Mass Balancing Risks Efficiency
- Press Release : ESG Is a Threat to Individual Liberty , Free Markets , and the U . S . Economy – The Heartland Institute
- Centerra Gold Publishes 2022 Environmental , Social and Governance Report
- FTC Taking Aim at ESG , PFAS , and Emerging Chemicals
- All is Not Lost : Rethinking failure in activism
- Republicans Denounce Biden Budget , but Havent Provided an Alternative of Their Own
- Rebuilding trust in climate action - The Hindu BusinessLine
- EU climate taxonomy imperils nature and climate - WWF opposes final Act EUbusiness . com