Data points on the Mutual fund industry:
1. 39.88 lakh crore (39.88 trillion) is the industry AUM (assets under management) as of Sept 2022.
2. From 7.2 trillion in September 2002, the industry moved to 38.42 trillion in Sept 2022 with 5 fold increase in the last 10 years.
3. 12,976 crore is the SIP book size as of September 2022.
4. SIP way back in 2002 at Rs.2500 crores which has become Rs.12976 crore as of Sept 2022.
5. In spite of the growth, the Mutual fund industry’s AUM to GDP stands at 17% compared to the global average of 75%
6. MF industry is projected to grow to 50 lakh crores in 2025 and 100 lakh crores in 2030, per the industry participants.
7. MF Industry has 13.81 crore unique folio numbers where 11.03 crores are pertaining to retail investors.
8. With a wide range of schemes, transparency, higher disclosures and professional fund management will help the MF industry to reach new heights.
Hence, it is essential for every individual to plan their investments based on their life goals and understand their risk profile by consulting a professional financial advisor in order to plan their financial independence!!
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