Share Market: India’s Mutual Fund Assets Record An All-Time High of Over Rs 58 Trillion in May

Share Market: Today, the market has touched its all-time high. The mutual fund assets of the country are also at an all-time high amidst the magnificent growth of the Indian share market. In May, India’s mutual fund assets reached over Rs. 58.6 trillion, around $701.9 billion, due to heavy inflows in mutual funds in May. In May alone, the inflow of Rs. 34,697 Cr came through the mutual funds. 

India’s Mutual Fund Growth

India’s first mutual fund was launched in 1964. Following the launch of the first 10 trillion-rupee asset, the mutual funds in the country timer was on a five-step basis of 50 years. The heavy inflow of mutual funds has been possible due to the excellent return of Indian markets when retail investors are investing in mutual funds.