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ASSETS LEAPFROG 22% IN 2023, BREACHING RS 50 TRILLION
The Business Guardian
|January 09, 2024
The mutual fund industry saw its asset base surge to an all-time high of Rs 50.78 trillion in 2023, marking the 11th consecutive yearly rise, driven by increased inflows in equity schemes, notably through Systematic Investment Plans SIPs)
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The mutual fund industry marked a remarkable turnaround in 2023, experiencing an unprecedented surge in its asset base by nearly Rs 11 trillion, reaching a historic milestone of over Rs 50 trillion. This resurgence was fuelled by an optimistic equity market, stable interest rates, and robust economic expansion, according to data released by the Association of Mutual Fund Industry (Amfi).
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