“Mutual Fund Industry’s growth has been on an upward trend. The half yearly growth has been encouraging and we are optimistic that the trend will continue to grow. Irrespective of the global headwinds, Indian markets have shown resilience. DII’s have been strongly driving the market growth. The Mutual Fund industry crossing the 4 crore unique investors mark is a testament to Indian retail investors’ participation in equity markets through the Mutual Fund route,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).