Try GOLD - Free
Mutual Funds for Financial Growth
Outlook Money
|October 2024
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
The benefits from stock investments-an instrument known for boosting personal wealth markedly over a longer period-has been tasted by just a small section of society. Restricted information along with the need for substantial capital is to be blamed. This trend, however, is seen to be shifting in recent years with the growing prominence of domestic mutual funds.
Over the past two decades, mutual funds, once a minor player at the beginning of the century, have become key to institutional investors. As of June 2024, the total portfolio value of domestic mutual funds in BSE 200 stocks (the most liquid investment universe in the Indian market) was $383 billion, compared to just $8 billion in 2004. This remarkable increase has attracted new investors to mutual funds, supporting their wealth creation journey and helping them achieve their financial goals.
This story is from the October 2024 edition of Outlook Money.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Outlook Money
Outlook Money
Can AI Help You Navigate The ITR Filing Maze?
AI is streamlining the tax filing process, providing personalised recommendations and automated document classification, but it has its limitations. Too much reliance can lead to errors and even legal hassles
6 mins
September 2025
Outlook Money
What Gen Z Should Ask Before Using AI
Gen Z is exploring AI tools, reels and other material alongside traditional advisors and textbooks, but they need to take an informed approach
4 mins
September 2025
Outlook Money
Prompt Away AI Biases, Black Boxes
Relying on AI for inputs on your investing decisions may not be in your best interest, as chatbots typically tend to give response that are likely to be overly flattering and agreeable, and align with your existing biases
5 mins
September 2025
Outlook Money
Can Your Home Be Coded To Perfection?
AI is helping homebuyers navigate the process with the help of 3D models and virtual tours, but the human element in design, aesthetics, negotiation and decision-making remains paramount
5 mins
September 2025
Outlook Money
Is The Future Of Insurance Al-Driven?
The insurance industry has adopted AI in a big way and is relying on it for several backend processes from underwriting to claims processing. However, data privacy and biased recommendations remain a concern
4 mins
September 2025
Outlook Money
Trust N.R. Narayana Murthy? First Check If It's An AI Video
One of the dangers of AI is the advent of convincing deepfakes generated by morphing images, voice notes and videos that can hoodwink you into erroneously revealing financial details or making payment to scamsters
5 mins
September 2025
Outlook Money
What Is Generative AI?
Generative AI is a subset of AI that creates new content, such as text, images, audio, or videos. Unlike traditional AI, Gen AI mimics human intelligence to analyse data, identify patterns, and create new content. It is called generative because of its ability to “generate” human-like responses to prompts. On the other hand, traditional AI, focuses on automation.
2 mins
September 2025
Outlook Money
AI In Banking: From Tokens To Talkbots
After the big wave of digitalisation, banks are entering the age of Al, which is making banking not just convenient, but smart. With strong guardrails in place, the industry is ready for its next big technological leap
5 mins
September 2025
Outlook Money
'Investment Doesn't Always Need Extra Money. It's About Where You Deploy It'
KAILASH KULKARNI, CEO, HSBC AMC, in a conversation with Kundan Kishore, shares what he did with his first pay cheque, how his career changed his relationship with money and how he later realised that starting to save early can set you up for life. His advice to new professionals is to enjoy their first salary, but also start saving—however small the amount—and remain consistent with it.
4 mins
September 2025
Outlook Money
For Fund Managers, AI Help Is At Hand
Many fund houses are using AI to crunch data, while leaving decision-making with the fund manager. To keep matters safe, Sebi guidelines mandate data confidentiality and compliance, and to keep investors informed
6 mins
September 2025
Listen
Translate
Change font size