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    Growth of Mutual fund Industry in India - ABSLMF Blog

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    Growth of Mutual Fund Industry in India

    Aug 01, 2019
    4 mins | Views 7496
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    First Phase 1964-1987

    • The Mutual Fund industry in India started in 1963.

    • 1st Mutual fund scheme was launched in 1964.

    • From a mere AUM of ₹ 25 Crores it scaled to ₹ 6,700 Crores in 1988.

    Second Phase 1987-1993

    • Entry of public sector mutual funds set up by PSU banks, LIC and General Insurance Corporation in 1987

    • Industry’s AUM stood at ₹ 47,004 Crores by end of 1993

    Third Phase 1993-2003

    • Entry of private sector mutual funds leading to an increase in mutual fund houses

    • The SEBI (Mutual Funds) Regulations of 1993 were replaced by a comprehensive set of regulations in 1996

    • By the end of Jan’03, the AUM has skyrocketed to ₹ 121,805 Crores with 33 mutual houses managing them

    Fourth Phase 2003-2014

    • This phase is noted as the phase of “consolidation” due to M&As.

    • It was also marred by the global melt-down

    • The Industry lost 17% of its AUM due to the 2008-09 global crisis.

    • In March 2014, the AUM doubled to ₹ 824,250 Crores from ₹ 417,300 Crores in March 2009.

    Fifth Phase 2014-Present

    • The Industry’s AUM crossed the milestone of ₹ 10 Lakh Crore on 31st May 2014

    • In less than 4 years, AUM doubled & crossed ₹ 20 lakh crore in August 2017.

    • The Industry AUM currently stands at ₹ 24.25 Lakh Crore spread over 8.38crores folio accounts across 40+ Mutual Fund houses*

    *As on 30th June 2019
    Source: www.amfiindia.com;
    https://www.moneycontrol.com/news/business/mutual-funds/mutual-funds-add-5-3-lakh-folios-in-june-4198861.html

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

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