Page 147 - Abhivruddhi

has increased by five and a half fold. At the end of February 2012 the
AUM of the Indian MF Industry was ₹ 6.75 trillion whereas at the end of
February 2021 it has grown to ₹37.56 trillion.

The year 2014 was remarkable as for the first time the AUM of MF
industry crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) in the
month of May, then within a short span of three years, the AUM size had
increased more than two folds and crossed ₹ 20 trillion (₹20 Lakh Crore)
for the first time in August 2017. In November 2020, the industry’s AUM
size crossed ₹ 30 trillion (₹30 Lakh Crore) for the first time. The record
breaking leap taken by mutual fund industry in 2021 when it crossed a
milestone of 10 crore folios during the month of May 2021.

As on February 28, 2022, the total number of accounts or folios stood
at 12.61 crore (126.1 million). The enthusiasm of retail investors is evident
from the contribution of from retail segment which stood at about 10.13
crore (101.3 million).

The role of SEBI and other financial institutions in imparting financial
education to the people at large through various ways has played significant
role in making investors aware about the concept of mutual funds. The
substantial increase in investments in Mutual fund industry from retail
investor has proved the success of financial education programs and ease
of using technology in financial transactions and investments. The focus
of government on smart cities, financial digitalization, increase in data
speeds, high frequency of conduction of investor awareness programs,
successful reach out of MFs to investors form small towns and cities,
substantial surge in mobilization of savings through SIPs are the key
reasons behind the growth of mutual fund industry. With the support
from power of digitalization and this new pattern of development will pave
the way for widening the size of Indian mutual fund industry by leaps and
bounds in the coming years. The growth in savings and investments by
retail investors not only strengthen the wealth of people of the nation but
also contribute to the capital formation and lead to growth of economy of
the nation. Undoubtedly, based on the recent growth trends, we can say
that Indian mutual fund industry will contribute to the achievement of
the goal of USD 5 trillion economy.

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