Guwahati, 19th May: Assam has emerged as a frontrunner in mutual fund investments, showcasing a remarkable surge in financial market participation and household incomes. Chief Minister Himanta Biswa Sarma revealed today that the state’s mutual fund investments have witnessed an unprecedented growth of 159 percent over the past five years, with assets soaring from Rs 11,298 crore to Rs 29,268 crore.
This exponential growth solidifies Assam’s position as a key contributor from the Northeast to India’s mutual fund industry, underscoring the state’s pivotal role in the country’s economic landscape.
Commenting on this significant milestone, Sarma remarked, “Assam’s remarkable growth in mutual fund investments speaks volumes about the India Growth Story. It highlights the trust our people have in the markets and the significant rise in their incomes.”
The data reflects a trend where Assam households are actively reinvesting their savings into the broader economic development of the nation. The average net assets under management (AAUM) now stand at an impressive Rs 29,268 crore, indicating a robust and flourishing investment culture in the region.
This financial surge not only signifies Assam’s active participation but also its leadership in mutual fund investments among Northeastern states. Sarma emphasized Assam’s role in driving financial inclusion and awareness, which are key factors behind the substantial increase in mutual fund participation across the country.
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