Mutual fund AUM crosses ₹85 lakh crore on equity inflows

Imagine a giant piggy bank where many people put their savings together to buy company shares.

That is a mutual fund.

In India, this piggy bank has grown very big — it now holds more than ₹85 lakh crore.

That is a huge amount, bigger than it has ever been before.

In just one year, people added about ₹9.65 lakh crore to it.

Many young people, called millennials, are choosing to invest their money in companies instead of keeping it only in bank accounts.

Some people like to put in a little money every month, which is called a SIP.

The money invested in company shares grew a lot, and even gold funds doubled in size.

Investors have been putting money into share funds for 65 months in a row.

This growth helps companies raise money and makes India's stock market one of the biggest in the world.