In recent years, India's mutual fund industry has witnessed a remarkable surge in investor participation. The industry's total assets under management (AUM) have grown significantly, and more and more new investors are joining in. According to the data released by the Association of Mutual Funds in India (AMFI), the mutual fund industry's net AUM is Rs 46,57,755 crores, while the average AUM stands at Rs 47,79,015 crores for September 2023.