Growth in Indian MFs among fastest in world

Led by a rising equity market and matching investor interest, growth of the Indian mutual funds industry, which recently crossed the Rs 350,000-crore mark, is among the fastest in the world.
Data released in a recent report shows that during calendar year 2006, the industry’s growth at 43.6 per cent made it the world’s eight-fastest. Sandwiched between the UK (43.8 per cent) and Ireland (40.5 per cent), India is way below Russia’s 134.1 per cent but above Brazil’s 38.2 per cent.

Story in The Indian Express, May 09, 2007