Mutual Funds Reach Rs. 11 lakh Crore Mark, add Rs. 3 lakh in 2014

Indian Mutual funds (MFs) are headed for a cash-rich 2014 with an estimated addition of about Rs. 3 lakh crore to its asset base to become a Rs.11 trillion market.

Helped by a smart rally in the equity market, the mutual funds' assets under management hit a record high of Rs. 10.96 lakh crore in October, 2104 itself and has remained near Rs. 10.9 lakh crore as the year draws to a close.

"2014 witnessed significant milestones for the MF industry, with assets growing about 32% to about Rs.11 lakh crore as on November, 2104" MF industry body AMFI's Chairman and top fund house Reliance Mutual Fund's chief Mr. Sundeep Sikka said.

The number of investors have also grown substantially this year, Mr. Sikka said, while adding that a rally in markets & improving economic indicators are expected to result in a much more broad-based participation in 2015. especially among retail investors.

In 2014, the total assets under management (AUM) of all 45 fund houses put together soared by 30% on improved stock markets condition and strong inflows in equity and 'liquid' or / 'money market', industry estimates show.

This was the 3rd consecutive yearly rise in the industry AUM, after a drop in the assets base for 2 preceding years.

MF AUM ..!

2014 End       Rs 11.00 lakh crore  
2013 End       Rs 8.26 lakh crore
2012 End       Rs 8.08 lakh crore
2011 End       Rs 6.11 lakh crore
2010 End       Rs 6.26 lakh crore 
2009 End       Rs 6.65 lakh crore .


The MF investor base reached its peak of 4.11 crore in March 2009, while it was 3.77 crore in March 2008.
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