How many mutual funds are there in India today?

How many mutual funds are there today?

Since 2000, over two in five U.S. households have owned mutual funds.

Number of mutual funds in the United States from 1997 to 2020.

Characteristic Number of mutual funds
2020 7,636
2019 7,943
2018 8,093
2017 7,965

Which is the No 1 mutual fund in India?

Top Funds

Fund Name Category AUM (In crs)
Tata Treasury Advantage Fund (Segregated Portfolio 1) Debt-Ultra Short Term 14.73
SBI Magnum Childrens Benefit Fund – Investment Plan Speciality-Child Care 322.06
Sundaram Long Term Micro Cap Tax Advantage Fund – Series VI Equity-Tax Planning 41.16

How much Indians invest in mutual funds?

Bank deposits, insurance funds and provident & pension funds accounted for two-thirds of the financial assets of Indian households as of December 31, 2020, according to data released by the Reserve Bank of India (RBI). Mutual fund investments formed just 9.4 percent of an Indian household’s savings in financial assets.

How many funds are there in India?

There are three types of funds of the Central Government – Consolidated Fund of India (Article 266), Contingency Fund of India (Article 267) and Public Accounts of India (Article 266) mentioned in the Indian Constitution.

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How many funds exist?

The number of mutual funds globally increased from approximately 66,400 in 2009 to approximately 126,500 thousand in 2020. Mutual funds are a form of collective investment.

Which is best mutual fund?

The table below shows the best equity funds:

Mutual fund 5 Yr. Returns 3 Yr. Returns
ICICI Prudential Technology Fund 34.62% 41.88%
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan 34.42% 41.24%
Quant Infrastructure Fund – Direct Plan-Growth 25.92% 39.82%
Aditya Birla Sun Life Digital India Fund Growth 33.13% 39.8%

Which SIP is best in India?

The table below shows the best equity funds:

Mutual fund 5 Yr. Returns Rating
TATA Digital India Fund DIRECT Plan Growth 37.45% NA
ICICI Prudential Technology Fund 35.16% NA
Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan 35.36% NA
Quant Infrastructure Fund – Direct Plan-Growth 26.61%

Which MF gives highest return?

Top 10 Equity Mutual Funds

Fund Name Category 1Y Returns
Quant Active Fund Equity 89.2%
Axis Small Cap Fund Equity 79.2%
PGIM India Flexi Cap Fund Equity 71.3%
IIFL Focused Equity Fund Equity 56.9%

Which SIP is best for 5 years?

Best SIP Plans for 5 And 3 Years in Equity Funds and Debt Funds

Fund Name 5 years Return 3 years Return
HDFC Balance Advantage Fund 15.50% 16.60%
ICICI Prudential Bluechip Fund 10.81% 8.48%
Kotak Standard Multicap Fund 13.24% 11.14%
Quant Infrastructure Fund 24.14% 38.02%

How many mutual funds are there in India 2021?

The total number of accounts (or folios as per mutual fund parlance) as on October 31, 2021 stood at 11.44 crore (114.4 million), while the number of folios under Equity, Hybrid and Solution Oriented Schemes, wherein the maximum investment is from retail segment stood at about 9.34 crore (9.34 million).

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What is future of mutual fund?

Prediction 1: AUM growth in US mutual funds will slow to approximately 3.1% annually between 2019 and 2025, reaching $26.8 trillion, down from 10.2% between 2011 and 2019. Prediction 2: Passive funds will account for 55% of total US mutual fund industry AUM by 2025, up from 39% in 2019.