A Strong Foundation
More and more savings are being invested in financial instruments. But for this to increase further, the industry has to shape up.
The Indian mutual fund (MF) industry has grown exponentially over the last decade. However, defaults by the IL&FS group last year brought attention to the credit risks in debt mutual funds and exposures to NBFCs.
Assets under management grew from Rs 4.17 lakh crore on March 31, 2009 to Rs 23.8 lakh crore on March 31, 2019, an over five fold increase in a decade. There are 26 million
