Fiscal year 2024 turned out to be a very good year for the domestic mutual funds industry as the industry grew 35 per cent, its best gain since 2021, the Association of Mutual Funds in India (AMFI) revealed in its latest release. In 2021 the industry had gained 41 per cent in just one year. In FY 2024, the mutual industry witnessed remarkable growth, with assets under management (AUM) reaching a record Rs 53.40 lakh crore as of March 2024, a 35 per cent surge from Rs 39.42 lakh crore in March 2023. Individual investors dominated the landscape, with 60 per cent of total AUM compared to institutional investors at 40 per cent. According to the latest AMFI data, women investors account for approximately 23 per cent of the total AUM, while men constitute around 77 per cent.