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The industry growth in FY23 was much lower than that of FY22, when the AUM grew over 20 per cent on the back of a strong market rally and record fresh investments
Customers can avail instant loans of up to Rs 3 crore by pledging their equity and debt MF holdings on a mobile app
AUM-to-GDP ratio still at just 15%, compared with global average of 75%
Industry likely to see revenues come under pressure in new financial year
The AAUM of overnight schemes in April 2019 was Rs 11,566 crore
The capital of Tamil Nadu saw its share in the mutual fund AUM rise by 200 bps in 2017