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The jump in AUM from Rs 40 lakh crore to Rs 50 lakh crore took just one year with assets growing around six times in the last 10 years; December saw SIP flows touching a new high of Rs 17,610 crore
Sumit Agrawal says: "After a long time, we are seeing an uptick in capex, capabilities build up and good visibility on industrial growth. Continued traction in government capex, with some pick up in the private sector as well, along with a consumption pick up sometime in the middle of next year would lead to continued growth surprises in 2024. I remain quite optimistic for India in 2024."
There are close to 40 mutual fund categories, but you must not invest in all of them. Even the 12 equity categories are too much for any single investor. The variety is there to suit different taste palettes. You must choose your category depending on what you want your money to do.
These five mutual fund schemes managed to beat the benchmark index in the past 10 years.
Roshi Jain, Senior Fund Manager – Equities, is part of the new face of HDFC MF. Roshi believes that the medium- to long-term outlook for corporate India is robust. Rather than timing markets, she advises systematic investing.