look news india
New Delhi: The mutual fund investor base is expected to cross 5 crore in September. The number of fund investors has grown by over 1 crore in just 12 months amid a steady rally in equity markets and a steady increase in new fund offerings (NFOs).
It took 21 months for the industry to finally cross the 1 crore mark in fund investors, while it took more than 26 months to go from 2 crore to 4 crore. The investor numbers are calculated from the PAN numbers registered with the fund scheme. According to the fund industry, the growing trend of equity investments has helped in the growth of investors.
Investors are currently focusing on market-based investments such as mutual funds, which provide funds across all economies and sectors to participate in our country's growth. As the country and population have become more confident in India's long-term success, the capital markets have seen a surge in investor interest.
Industry sources say the number of fund investors is expected to double to 10 crore in the next 3-4 years due to growing interest in equity and SIP investments. The industry has set a target of 10 crore investors by 2030. The total assets under management (AUM) could also cross Rs 100 lakh crore by then.
Analysts say that while the interest of small investors in equities has increased rapidly after Corona, the recent increase in the number of investors is due to the boom in the market, strong performance of equity schemes and increasing NFO offerings. In the May-August period, mutual funds collectively raised Rs. 48,735 crore through 21 new equity schemes.