This is a pure HTML clone (structure & formatting) of the Wikipedia article "Mutual funds in India". The content below reproduces the article's sections, table of contents, lists, some tables, and references using plain HTML only.
Mutual funds have become a major component of India's financial system. The mutual fund industry's assets under management (AUM) have grown significantly over the years. For example, the total AUM of the Indian mutual fund industry was reported in late years to be in the multiple tens of trillions of rupees. [1]
Redemption and holding patterns are commonly discussed in regulatory and industry reports. A substantial portion of mutual fund units get redeemed within a short period after purchase, while only a small percentage of units remain invested for very long durations. [2]
Holding period — units redeemed:
The mutual fund industry in India is broadly categorized into equity funds, hybrid funds and debt funds. Example approximate AUM splits (for illustration) include:
Specific numbers and dates are provided in regulatory and industry reports. [3]
The mutual fund industry has faced several controversies related to liquidity, credit exposures, and defaults by issuers of debt instruments. Events such as sudden scheme wind-ups, defaults of large borrowers and systemic liquidity shocks have affected investor confidence. [4]
The list below highlights some headline events and their impacts.
In April 2020, Franklin Templeton India wound up six credit funds citing severe liquidity difficulties in the underlying instruments amid the COVID-19 pandemic. The move affected investors and drew regulatory scrutiny. The regulator later imposed restrictions and directed refunds for investors. [5]
Reliance Mutual Fund schemes experienced stress in their debt portfolios around 2019 due to exposure to certain troubled entities. These episodes led to heavy redemptions and asset sales by fund managers. [6]
Defaults by Infrastructure Leasing & Financial Services (IL&FS) in 2018 caused mark-downs in funds holding those paper, producing liquidity concerns for some debt mutual funds and prompting regulatory responses. [7]
Exposure to Amtek Auto and similar stressed issuers led several mutual funds to face mark-to-market losses and redemption pressure. In some cases, asset managers had to manage liquidity measures. [8]
The Unit Trust of India (UTI) underwent a major crisis in 2001 due to redemptions, market shocks and governance problems. The government intervened and UTI was restructured subsequently. [9]
The mutual fund market can be broken down into segments such as equity funds (large, mid, small cap), hybrid funds (balanced, aggressive hybrid), debt funds (liquid, ultra-short, corporate bond), and others.
Asset management companies and distributors play crucial roles in product distribution and investor education. [10]
Average AUM figures are reported periodically. For detailed historical AUM numbers and trends please consult regulator and industry reports. [11]
Below is a sample table recreating a typical acquisitions table that appears on industry summaries:
| Seller | Acquired by | Year |
|---|---|---|
| XYZ AMC | ABC Asset Management | 2018 |
| PQR Mutual | MNO Funds | 2019 |
| Example AMC | Example Group | 2021 |
Note: Above table is a structural reproduction example. For the authoritative acquisition list and exact details, consult industry reports and news archives. [12]