The Indian investor has noticed that the stock market goes up in the long term. Thus asset management companies have received huge amounts of money in recent times.
The average Assets Under Management (AAUM) of the Indian Mutual Fund Industry is all set to cross Rs 40 lakh crore in FY23.
Such a huge number would have been unachievable 10 years ago. But a sustained bull market, favourable regulations, reducing costs, and rising investor awareness, have made the stupendous growth of the industry possible.
In fact the industry's AUM has multiplied 5.5 times over the 10-year period 2012-2022. In the month of May 2021, the industry achieved a historic milestone of 10 cr folios (investor accounts).
The key driving force behind the growth of the industry is the Systematic Investment Plan (SIP). Indian investors are increasingly putting their money into SIPs every month. This helps investors put their money to work in the stock market in a disciplined manner.
The industry is expected to grow at 14% annually and the prospects for the leading companies are bright.
Here's a list of asset management companies stocks in the Indian market.
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