Average Assets Under Management (AAUM) of the Indian Mutual Fund Industry for the month of February 2023 stood at ₹ 40,68,800 crore. Assets Under Management (AUM) of the Indian Mutual Fund Industry as on February 28, 2023, stood at ₹ 39,46,257 crore. The AUM of the Indian MF Industry has grown from ₹ 8.14 trillion as on February 28, 2013, to ₹39.46 trillion as on February 28, 2023, around 5 fold increase in a span of 10 years. The MF Industry’s AUM has grown from ₹ 22.20 trillion as on February 28, 2018, to ₹39.46 trillion as on February 28, 2023, around 2 fold increase in a span of 5 years. The Industry’s AUM crossed the milestone of ₹10 Trillion (₹10 Lakh Crore) for the first time in May 2014 and in a short span of about three years, the AUM size had increased more than two folds and crossed ₹ 20 trillion (₹20 Lakh Crore) for the first time in August 2017. The AUM size crossed ₹ 30 trillion (₹30 Lakh Crore) for the first time in November 2020. The Industry AUM stood at ₹39.46 Trillion (₹ 39.46 Lakh Crore) as on February 28, 2023. The mutual fund industry has crossed a milestone of 10 crore folios during the month of May 2021. The total number of accounts (or folios as per mutual fund parlance) as on February 28, 2023, stood at 14.42 crore (144.2 million), while the number of folios under Equity, Hybrid, and Solution Oriented Schemes, wherein the maximum investment is from retail segment stood at about 11.54 crore (115.4 million).