Top 3 Morningstar Rated Mutual Funds: Industry Grew 2 Fold In 5 Yrs, AUM At Rs. 38 Trillion

The Mutual Fund industry in India is watching a sharp rise, as investors are now increasing their risk appetite for volatile investment opportunities. According to the Association Of Mutual Funds in India (AMFI), “Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for July 2022 stood at Rs. 37,76,911 crore. Assets Under Management (AUM) of the Indian Mutual Fund Industry as on July 31, 2022 stood at RS. 37,74,803 crore. The AUM of the Indian MF Industry has grown from Rs. 7.30 trillion as on July 31, 2012 to Rs. 37.75 trillion as on July 31, 2022 more than 5 fold increase in a span of 10 years. The mutual fund Industry’s AUM has grown from Rs. 19.97 trillion as on July 31, 2017 to Rs. 37.75 trillion as on July 31, 2022, around 2 fold increase in a span of 5 years. The Industry AUM stood at Rs. 37.75 Trillion (Rs. 37.75 Lakh Crore) as on July 31, 2022.”

Morningstar rated mutual funds

Mirae Asset Emerging Bluechip Fund – Growth is a large cap mutual fund that has given 722.81% absolute returns and 23.45% annualized returns in the last 5 years. Its fund size is around Rs. 22741.49 Cr, and its NAV is Rs. 98.17. Morningstar has given 5 star rating to this fund.

UTI Mid Cap Fund Regular Plan – Growth is a mid cap mutual fund that has given 88.70% absolute returns and 13.53% annualized returns in the last 5 years. Its fund size is around Rs. 6891.04 Cr, and its NAV is Rs. 190.08. Morningstar has given 4 star rating to this fund.

DSP Small Cap Fund Regular Plan – Growth is a mid cap mutual fund that has given 89.30% absolute returns and 13.61% annualized returns in the last 5 years. Its fund size is around Rs. 8747.73 Cr, and its NAV is Rs. 111.11. Morningstar has given 4 star rating to this fund.