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How many mutual funds are there in India?

December 31, 2022

How many mutual funds are there in India?

In India, the mutual fund market is expanding at an exponential rate. As of February 28, 2019, the Indian mutual fund sector had an average asset under management (AAUM) of Rs. 23.16 trillion.

The average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for October 2022 stood at ₹ 39,53,209 crore.

Assets Under Management (AUM) of the Indian Mutual Fund Industry as on October 31, 2022, stood at ₹ 39,50,323 crore. In India, a good amount of people are shifting to mutual funds 

In about 5 to 6 years, API leadership will dominate the mutual fund industry in India. As a standard practice, consumers will favor purchasing from aggregators. Furthermore, innovation sandboxes could assist emerging finance businesses in developing customer-focused aggregator products.

Let us first understand,

Best mutual funds in india

What are Mutual funds?

A mutual fund is a type of investment vehicle that collects money from numerous participants and invests it in various asset types, including gold, foreign securities, debt, and equity. In India, mutual funds are getting popular because they offer many advantages.

Due to their simplicity, adaptability, and advantages in terms of diversification, mutual funds are popular options among investors. The best thing about mutual funds is that they offer a variety of investors the chance to invest. There are currently over 44 registered mutual fund companies in India that offer various programs to meet the shifting needs of many investors.

Top 20 companies that offer Mutual funds in 2022:

  1. NJ Indian west
  2. ICICI Securities
  3. State bank of India
  4. Paytm Money
  5. Groww
  6. ICICI bank
  7. Axis Bank
  8. Prudent Corporate Advisory services
  9. ET Money
  10. Korak Mahindra Bank
  11. HDFC bank
  12. HDFC Securities
  13. Jio Jeet GIT
  14. BNP Paribas Financial Services
  15. Wealth India Financial Services
  16. Kuvera 
  17. HSBC
  18. ShareKhan
  19. Zerodha Broking
  20. Motilal Oswal Financial Services
  21. City Bank N. A.

Conclusion:

Investing directly in equity markets is a risk that not everyone is comfortable accepting, so mutual funds provide an alternative for stock market enthusiasts who do not have the necessary knowledge to buy shares offered by various companies.


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