MF AUMs

'Strong regulations are crucial for the orderly development of the market. Even a slip-up can break the trust of investors. We welcome the Sebi regulations'

The sharp spike in commission comes on the back of surge in the equity markets and sustained flows into equity MF schemes

The mutual fund industry - which makes money managing assets - has seen zero growth in 11 months.

Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said

Strong inflows into equity and hybrid schemes coupled with sustained inflows through systematic investment plan (SIP) contributed to the growth in assets.

Sharp drop in total assets under management compared to rest of the country

Driven by record inflows into SIPs, overall mutual funds industry's assets under management jumped to nearly Rs 37 lakh crore in September, registering an over 33 per cent growth, according to Amfi

Investment objective of scheme is to provide investors with opportunity of long-term capital appreciation by investing in a concentrated portfolio of equity and equity-related securities

Recent entrants are leveraging technology and low-cost 'passive investing' to attract customers in an industry where market penetration is low

At the end of last month, it stood at Rs 30 trillion

And expect to cross Rs 20 lakh crore this year