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| What are Tax Saving Mutual Funds | Investing in Mutual Funds |
| https://www.storeboard.com/rurashfinancials/videos/what-are-tax-saving-mutual-funds--investing-in-mutual-funds/312061 |
| The Indian Mutual Fund Industry Average Assets Under Management (AAUM) for the month of October 2022 was ?39,53,209 crore. The assets under management (AUM) of the Indian mutual fund sector amounted to ?39,50,323 crore as of 31 October 2022.
Assets under management of India's MF industry grew from ?7.68 trillion as of 31 October 2012 to ?39.50 trillion as of 31 October 2022, an over five-fold increase in a span of 10 years. The MF sector's assets under management grew from ?21.41 trillion as of 31 October 2017 to ?39.50 trillion as of 31 October 2022, nearly doubling in a span of 5 years.
In a scenario where people invest money for different purposes like retirement body, child education, home buying, marriage and so on, mutual funds can help with any of these goals. A mutual fund is an investment vehicle that collects money from many investors and invests it in various instruments such as bonds, gold, stocks, etc. to generate a consistent return over a period of time. Investing |
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