Mutual funds have emerged as a popular investment vehicle in the modern era. The assets under management (AUM) of the industry grew from 1.13 lakh crore in October 2003 to 46.72 lakh crore in October 2023.

The task of a mutual fund distributor is to analyse the investors' financial needs and risk profile, guiding them to make the right investment decisions.

The journey to being financially prosperous requires endurance, discipline, sound decision-making, and a strong understanding of investment products.

Mutual funds have gained significant popularity as a preferred investment option for wealth accumulation in the last 2 decades.

We all have observed how the mutual fund industry in India has grown significantly in recent years and has become a powerful force in the country’s financial sector.

The mutual fund sector in India has grown rapidly over the last decade, with assets under management (AUM) expanding from ₹8.26 trillion (AMFI, April 2013) to ₹41.62 trillion (AMFI, April 2023), an astounding 5-fold increase.

Today’s world is highly dynamic, interconnected, and tech-savvy and is changing at a very high pace from time to time.

Did you know that India’s population is more than 134 crores, out of which mutual fund investors account for a very small fraction?

At a time when mutual fund investments have just started catching peoples’ attention, it is important that people from this industry put efforts to maintain and grow this interest by helping as many people to invest in mutual funds. Evidently, mutual fund distributors have an important role to play in this. 

Here’s an interesting fact! People in India are increasingly investing in mutual funds, making it one of the top investment choices in the present day. As on 30th November 2022, the Asset Under Management (AUM) of Mutual fund Industry is 40,37,561 Crores. The AUM is expected to grow up to 100,00,000 Crores by the end of 2030. As we see, the mutual fund industry has tremendous potential to grow multifold, as the penetration of mutual funds investment in India is still low.