Small states are now the big players in Mutual fund industry.
AMFI and SEBI has made number of initiatives growth of mutual fund industry. The recent data released by AMFI indicates that the decisions and initiatives made have been successful especially in small states. In April 2003 the total AUM of Mutual fund industry was only Rs 1000 cr, however in the recent years the entire picture has changed a lot as the total AUM has increased to Rs 17,54,619 cr by March 2017. In April 2017 the AUM rose to life time high of 19,26 lakh crore.
The recent data released by AMFI indicates increase in the investment form retail investors not only from Urban areas but also from remote areas of the country. AUM from small states such as Bihar, Chhattisgarh, Jammu and Kashmir, Jharkhand, Madhya Pradesh and Uttarakhand has increased by more the 50% in the financial year 2017 against the previous year. Also the Union territories like Andaman and Nicobar, Meghalaya and Sikkim reported 100% growth in the AUMs for FY17 as against FY16.
The below info-graph provides much accurate figures –
Pic Courtesy- AMFI
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