explain any three mutual perception regarding native ? 3 marks
Answers
The mutual fund industry in India is growing at an exponential pace. The Indian mutual fund industry recorded an Average Assets Under Management (AAUM) of Rs. 23.16 trillion as on February 28, 2019. The AUM of the industry stood Rs. 5.09 trillion on February 28, 2009, which means the Indian mutual fund industry has registered a more than 4 ½ fold increase in a period of 10 years.
There are as many as 44 AMFI (Association of Mutual Funds in India) registered fund houses in India which together offer more than 2,500 mutual fund schemes. The wide array of funds often make it a little difficult for investors to choose the best scheme for them. To ease this process, we list out the 10 most popular mutual fund houses in India along with the 10 most popular schemes across all mutual fund categories namely equity, debt and hybrid.