In recent years, India's mutual fund industry has witnessed remarkable growth, with increasing investor participation and a significant surge in total assets under management (AUM). The latest data from the Association of Mutual Funds in India (AMFI) released on November 9, 2023, revealed the industry's net AUM at Rs 46,71,687 crore and the average AUM at Rs 47,80,422 crore by the end of October 2023. One notable achievement is the addition of over 25.50 lakh crore investors, with the MF folios reaching an all-time high of 15,96,46,790 in October 2023.