Bharat Express

Mutual Fund

Mutual fund folios reached a record high of 22,50,03,545 in December 2024, according to the latest data released by the Association of Mutual Funds in India.

The mutual fund industry in India has maintained its robust growth trajectory in 2024. This marks a significant rise of Rs 17 lakh crore in assets.

Concluding a New Fund Offer for the Edelweiss Business Cycle Fund, company has raised a fund of Rs 1800 crore funds successfully. Edelweiss Mutual Fund announced on Thursday. 

In June, the mutual fund industry witnessed a significant inflow, with 11 NFOs attracting a total of Rs 14,370 crore.

This means that the rightful heirs had difficulty in getting the assets transmitted to them due to the hassles of different kinds of documentation requirements.