Mutual Funds in Modi Government : The third consecutive term of the Narendra Modi government (PM Narendra Modi) is going on. Currently, between the first and third term of Narendra Modi as PM, the country’s mutual fund industry has progressed tremendously. Talking about the last 10 years, the asset under management of the mutual fund industry has increased 6 times. At the same time, in these 10 years, there are many such schemes in the equity segment (Equity Mutual Funds) that have made investors rich. Equity schemes with better ratings have given a return of 26 percent annually or 919.62% overall during this period.
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Mutual Fund AUM Rs 61.16 lakh crore
According to the latest data of AMFI, the size of the mutual fund industry (Mutual Funds AUM) has increased to Rs 61.16 lakh crore by the end of June 2024. Whereas according to the latest report of Franklin Templeton, the asset under management of the mutual fund industry was Rs 10.11 lakh crore in May 2014. It increased to 25.94 lakh crore in May 2019 and 57.26 lakh crore in April 2024. In May 2014, Narendra Modi became the PM of the country for the first time. That is, within 10 years and 1 month as PM, the asset under management of the mutual fund industry increased 6 times.
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More than a quarter of total FD
According to Franklin Templeton’s report, by April 2024, the asset under management of the mutual fund industry had increased to about 27.6 percent of the total fixed deposits made in the country till that time. It was 10.7 percent in March 2014 and 19.5 percent in March 2019. That is, now the trust of investors has started increasing on mutual funds. Most investors are preferring the equity class of mutual funds. The number of mutual fund investors has also increased to about 4.55 crores now. Top performing funds in 10 years……
Nippon India Small Cap Fund
Annualized return in 10 years: 26.11%
Absolute return in 10 years: 920%
Annualized SIP return in 10 years: 28.47%
Absolute SIP return in 10 years: 354%
Quant ELSS Tax Saver Dir
Annualized return in 10 years: 25.88%
Absolute return in 10 years: 901%
Annualized SIP return in 10 years: 28.23%
Absolute SIP return in 10 years: 348%
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SBI Small Cap Fund
Annualized return in 10 years: 25.83%
Absolute return in 10 years: 897%
Annualized SIP return in 10 years: 25%
Absolute SIP return in 10 years: 277%
Kotak Small Cap Fund
Annualized return in 10 years: 23%
Absolute return in 10 years: 695%
Annualized SIP return in 10 years: 24.85%
Absolute SIP return in 10 years: 273%
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Franklin Build India
Annualized return in 10 years: 23%
Absolute return in 10 years: 694%
Annualized SIP return in 10 years: 25.26%
Absolute SIP return in 10 years: 282%
(Fund Performance Source : Value Research)