Business Today

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

You're reading a preview, sign up to read more.

More from Business Today

Business Today19 min read
How To Steady A Wobbly Economy
Budget 2020 will be presented in the shadow of one of the longest spells of slowdown six quarters so far in more than two decades. That poses a host of challenges for Finance Minister Nirmala Sitharaman as slowing tax collections have left practi
Business Today10 min readTech
Real ty Intelligence
For 21 years till 2011, Vikas Gosain worked with the Indian army. He was a Gorkha Regiment infantry officer. He has worked with civilian organisations since, and currently manages security operations for Bharti Realty, a real estate developer. On a c
Business Today2 min read
Tackling A Wobbly Economy
"Whatever happens, it will be different from what you think will happen. Your happiness in 2020 will depend less on what happens than on how you deal with what happens" Buddhist Monk Ajahn Jayasaro's new year note is meant for humanity but it would