“Mutual Fund Industry’s growth has been on an upward trend, and we are optimistic this will continue. Despite peaking interest rates, there's a notable surge in money market investments. Investors exhibit optimism in Gilt funds and a remarkable increase in contributions to small-cap funds, indicating strong confidence. The large-cap category has also witnessed a noteworthy resurgence, reflecting broader market recovery. SIP numbers show consistent month-on-month growth, underlining the strength of systematic investment plans,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI)