AI an AID to Business world

Who first coined AI word to world

The term “artificial intelligence” (AI) was first introduced by John McCarthy in 1955. McCarthy was an American computer scientist and cognitive scientist who is considered one of the founding fathers of AI. He coined the term at the Dartmouth Summer Research Project on Artificial Intelligence (DSRPAI), which he organized with Marvin Minsky, Claude Shannon, and Nathaniel Rochester. The DSRPAI was a seminal event in the history of AI. It brought together leading researchers from the fields of computer science, mathematics, and philosophy to discuss the potential of AI. The conference was a success, and it helped to launch the field of AI as a major area of research.

What is Artificial Intelligence

AI, or Artificial Intelligence, refers to the simulation of human intelligence by processing any command with the help of computer systems. It involves creating machines or software that can perform tasks that typically require human intelligence, such as learning from experience, understanding natural language, recognizing patterns, solving problems, and making decisions.

Narrow or Weak AI:

This type of AI is designed and trained for a particular task or a limited range of tasks. It can perform these tasks very well, sometimes even surpassing human capabilities, but it lacks general cognitive abilities. Examples include virtual personal assistants (like Siri or Google Assistant), recommendation systems (like those used by streaming services), and image recognition systems( like used in banking services), Chatgpt or google board which can chat like human.

General or Strong AI:

This refers to AI systems with human-like cognitive abilities, capable of understanding, learning, and performing any intellectual task that a human can. True general AI is still largely theoretical and has not been achieved yet, but world is heading towards this with some robot which can used in warfighting.

Impacts of AI on world GDP:

The McKinsey Global Institute estimates that AI could add $13 trillion to the global economy by 2030. This would represent an increase of 1.2% in annual GDP growth.

The World Economic Forum estimates that AI could create 97 million new jobs by 2025, while displacing 85 million jobs. The net impact of AI on employment is still uncertain, but it is clear that there will be significant changes in the labor market.

AI is already being used in a variety of industries, including manufacturing, healthcare, finance, and retail. As AI technology continues to develop, it is expected to be used in even more industries and to have an even greater impact on the economy.

AI encompasses various subfields and technologies, including machine learning, neural networks, natural language processing, computer vision, robotics, and more. Machine learning, in particular, is a subset of AI that focuses on enabling computers to learn from data without being explicitly programmed. Deep learning, a subset of machine learning, involves using neural networks with multiple layers to process and analyze data.

AI technologies have a wide range of applications across industries, including healthcare (diagnosis and treatment planning), finance (algorithmic trading and fraud detection), transportation (self-driving cars), entertainment (video game NPCs), and more. However, ethical concerns and questions about the potential impact of AI on employment, privacy, and decision-making are important considerations as AI continues to develop and integrate into various aspects of society.

Aid of AI to business

How AI is an advantage:

Improved efficiency and productivity: AI can automate tasks that are currently performed by humans, freeing up employees to focus on more strategic work. This can lead to significant improvements in efficiency and productivity. For example, AI-powered chatbots can answer customer queries 24/7, freeing up customer service representatives to handle more complex issues.

Better decision-making: AI can analyze large amounts of data to identify patterns and trends that would be difficult or impossible to spot with the naked eye. This information can be used to make better decisions about everything from product development to marketing campaigns. For example, AI-powered predictive analytics can help businesses identify customers who are likely to churn, so that they can take steps to prevent it.

Personalized customer experiences: AI can be used to personalize customer experiences in a way that was not possible before. This can be done by understanding customer preferences and behaviors, and then using that information to deliver the right products and services at the right time. For example, AI-powered recommendation engines can suggest products that customers are likely to be interested in.

Increased security: AI can be used to identify and prevent fraud and cyberattacks. For example, AI-powered fraud detection systems can analyze transactions for suspicious activity.

New business opportunities: AI can help businesses create new products and services, or enter new markets. For example, AI-powered self-driving cars could revolutionize the transportation industry.

practical examples of how AI is being used in businesses today:

Retail: AI is being used by retailers to improve inventory management, personalize recommendations, and combat fraud. For example, Amazon uses AI to recommend products to customers based on their past purchases, some companies virtual store for new edge experience.

Manufacturing: AI is being used by manufacturers to improve quality control, optimize production processes, and predict equipment failures. For example, GE uses AI to monitor wind turbines and identify potential problems before they occur.

Healthcare: AI is being used by healthcare providers to diagnose diseases, personalize treatment plans, and improve patient care. For example, IBM Watson is used by hospitals to help doctors diagnose cancer, robotic operation is used for some precise treatment.

Finance: AI is being used by financial institutions to detect fraud, manage risk, and provide investment advice. For example, Goldman Sachs uses AI to analyze market data and make trading decisions.

Logistics: AI is being used by logistics companies to optimize shipping routes, manage inventory, and track shipments. For example, UPS uses AI to predict demand and optimize delivery routes.

These are just a few examples of how AI is being used in businesses today. As AI technology continues to develop, we can expect to see even more innovative and disruptive applications of AI in the years to come.

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Tiranga on Moon- CHANDRAYA-3

What is Chandrayaan-3

Chandrayaan-3 is the third and most talked about mission of Indian Space Research organization (ISRO). It was launched on Jul 14. 2013, from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh. The mission consists of a lander named Vikram and a rover named Pragyan. This time it is expected to have soft landing on Moon’s South pole, while the rover will explore the lunar surface.

The lander Vikram is equipped with several AI based scientific instruments, including a high-resolution camera, a spectrometer, and a magnetometer. The rover Pragyan is also equipped with several AI based scientific instruments, including a camera, a spectrometer, and a seismometer.

The Chandrayaan-3 mission is expected to give scientific understanding to better understand the Moon’s formation and evolution, as well as its potential for resources. It is also expected to pave the way for future human missions to the Moon.

The lander Vikram is scheduled to soft land on the Moon on August 23, 2023, by 6.04 p.m. The rover Pragyan will then be deployed from the lander and will begin exploring the lunar surface. The mission is expected to last for one year.

The Chandrayaan-3 mission is a major milestone for the ISRO and for India’s space program. It is the first time ever any country in the world will attempt to soft land a lander on the Moon’s south pole. The success of the mission would be a major achievement for the ISRO and would put India in the league of leading spacefaring nations. The ISRO has put all effort to make sure confident landing of Chandrayaan-3. The team has been working hard to ensure that the mission is safe and successful. The entire nation is eagerly awaiting & praying for the success of historic soft landing of Vikram on the Moon’s south pole.

Key members in mission:

Chandrayaan-3 Mission is a contribution a big team that consist of various scientists, engineers, technicians, and other professionals from various organizations in India. Here are some of the key members of the team:

S. Somanath is the Chairman of the Indian Space Research Organisation (ISRO) and the overall Mission Director of Chandrayaan-3.

P. Veeramuthuvel is the Project Director of Chandrayaan-3.

S. Unnikrishnan Nair is the Director of the Vikram Sarabhai Space Centre (VSSC), which is responsible for the development of the propulsion module for Chandrayaan-3.

A. Rajarajan is the Director of the Satish Dhawan Space Centre (SDSC SHAR), which is responsible for the launch of Chandrayaan-3.

M. Sankaran is the Director of the U R Rao Satellite Centre (URSC), which is responsible for the development of the rover for Chandrayaan-3.

Chayan Dutta is the Project Manager of the rover for Chandrayaan-3.

Here are some of the other organizations that are involved in the Chandrayaan-3 mission:

Indian Institute of Technology Madras (IIT Madras)

Indian Institute of Science (IISc)

National Aerospace Laboratories (NAL)

Key timelines of Chandrayaan-3

How this will shape India’s growth

To further our understanding of the moon:

The moon is a unique and fascinating body in our solar system, and there is still much that we don’t know about it. Chandrayaan-3 will help us to better understand the moon’s composition, geology, and history.

To demonstrate India’s capabilities in space exploration:

The success of Chandrayaan-3 will be a major milestone for India’s space program and will help to boost India’s reputation as a spacefaring nation.

To pave the way for future lunar exploration missions. 

Chandrayaan-3 will provide valuable data and experience that will be used to plan future lunar missions, such as Chandrayaan-4, which is planned to launch in 2024.

To inspire the next generation of scientists and engineers:

The Chandrayaan-3 mission is a great example of the power of science and technology, and it is sure to inspire young people in India and around the world to pursue careers in these fields.

Boost to the space industry: 

The success of Chandrayaan-3 will boost the Indian space industry and attract more investment from both domestic and foreign investors. This will create jobs and opportunities for growth in the space sector.

To Explore energy resources:

If we will be able to study & explore moon resources that can proved to be a game changer in energy resources of earth.

Development of new technologies: 

The development of new technologies for the Chandrayaan-3 mission will have a positive impact on other industries, such as manufacturing, telecommunications, and healthcare. This will lead to increased productivity and innovation in these sectors.

Improved infrastructure: 

The construction of new facilities and infrastructure for the Chandrayaan-3 mission will improve the overall infrastructure of India. This will make it easier for businesses to operate and will attract more investment into the country.

Improved national pride: 

The success of Chandrayaan-3 will boost national pride and make India a more respected player in the global space arena. This will have a positive impact on the country’s economy and its ability to attract investment.

Russian Luna 25 vs Indian Chandrayaan-3

FeatureChandrayaan-3Luna 25
CountryIndiaRussia
Space agencyISROROSCOSMOS
Launch dateJuly 14, 2023August 10, 2023
Landing siteSouth Pole regionBoguslawsky crater
Lander mass1,752 kg1,750 kg
Rover mass26 kgN/A
PayloadAlpha Particle X-ray Spectrometer (APXS), Laser Induced Breakdown Spectroscope (LIBS), Spectro-polarimetry of Habitable Planetary Earth (SHAPE)Gamma-ray and neutron spectrometers, infrared spectrometers, mass spectrometers, imaging systems
Mission duration1 year1 year
Cost$615 crore (about $80 million)$160 million

Chandrayaan-3 is a major milestone for India’s space program. It is expected to provide valuable insights into the Moon’s formation and evolution, as well as its potential for resources. The mission is a major undertaking that requires the collaboration of a large team of scientists, engineers, and technicians from various organizations in India. The success of the mission would be a major boost for India’s economy and its ability to attract investment in the space sector.

In short, Chandrayaan-3 is a major mission that will help India to further its understanding of the moon and its potential for resources. The success of the mission would be a major achievement for India and would put the country in the league of leading spacefaring nations.

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Indian Diary industry

History and Evolution of Dairy Industry:

In this blog we will talk about History of dairy industry in India, Operation Flood, White Revolution, National Dairy Development Board (NDDB), Value added dairy products, Milk production in India, Dairy farming in India, Dairy cooperatives in India, Milk composition, Milk consumption in India, Future of dairy industry in India.

In earlier days in India, dairying was just household activity. Milk was produced to meet household requirement; it was not commercialised till then. Even when it started commercialisation, Farmer would sell their milk to local merchants, who then sell it to end consumer. It was not organised and even the quality was often poor, and there was no way to ensure its purity.

Just after some years of Independence, The Govt of India took initiative to develop dairy industry. In this process it develops, National Dairy Development Board (NDDB) in 1949 to give boost to dairy sector in India. The NDDB played a key role in introducing modern dairying practices in India, such as artificial insemination, cross-breeding, and improved feeding methods. These practices helped to improve the quality and quantity of milk production in India.

In 1970, NDDB launched Operation Flood, which was the world’s biggest dairy development program gave a major push to India’s dairy sector and generated sustainable economic model and employment opportunity to poor farmers. In 2011, India produced 156 million tons of milk, which is more than any other country in the world. The dairy industry is now a major contributor to the Indian economy, and it is expected to continue to grow in the years to come.

The operation flood are well organised and well-funded, It diverse participation of stakeholders, including farmer, milk producers, and the government make it big success. Operation Flood was a major success, and it helped to transform the Indian dairy industry.

The story of the Indian dairy industry is a success story. It is a story of how a government program helped to improve the lives of millions of people and to make India a more prosperous country. It is also a story of how innovation and collaboration can help to solve some of the world’s most pressing problems.

Value Added product:

The growth in the value added products of milk has helped to improve the livelihoods of millions of dairy farmers in India. It has also contributed to the country’s food security.

The future of the value added products of milk in India is bright. The demand for milk and milk products is expected to continue to grow, and the government is committed to supporting the dairy sector. With the continued investment in technology and practices, India is well-positioned to become a major exporter of value added milk products in the coming years.

This growth is due to a number of factors, including:

  • The government’s support for the dairy sector, such as the National Dairy Development Board (NDDB).
  • The increasing demand for milk and milk products in India.
  • The improvement in the quality of animal feed.
  • The introduction of new technologies and practices, such as artificial insemination and cross-breeding.

Country wise Milk Production:

The image shows the percentage of milk production in the world by country. The top 10 countries in terms of milk production are:

  1. India (22%): India is the world’s largest producer of milk, accounting for about 22% of the world’s total production. This is due to a number of factors, including a large and growing population, a favorable climate, abundant water resources, and government support.
  2. United States (14%): The United States is the second largest producer of milk, followed by China, Brazil, and Russia. The United States has a long history of dairy farming and a well-developed dairy industry.
  3. China (10%): China is the third largest producer of milk, and its production is growing rapidly. This is due to a number of factors, including a growing population, increasing disposable income, and government support for the dairy industry.
  4. Brazil (8%): Brazil is the fourth largest producer of milk, and its production is also growing rapidly. This is due to the country’s favorable climate and abundant water resources.
  5. Russia (6%): Russia is the fifth largest producer of milk, and its production has been declining in recent years. This is due to a number of factors, including a decline in the number of dairy farms and the impact of economic sanctions.

The rest of the world accounts for the remaining 25% of milk production. These countries include Germany, France, Pakistan, Turkey, Netherlands, and other countries.

Current situation of milk in India and its composition:


The chart 1 shows the milk production in India and the world from 1991 to 2022. The world milk production has been increasing steadily over the years, while the Indian milk production has been increasing at a much faster pace. In 2022, India produced 221.1 million tones of milk, which is more than any other country in the world.

The other reason for the growth in milk production is the increasing demand for milk and milk products in India. The population of India is growing rapidly, and the average income is also increasing. This has led to an increase in the demand for milk and milk products.

The main reason for the rapid growth in milk production in India is the government’s support for the dairy sector. The government has implemented a number of schemes to promote dairy farming, such as providing financial assistance to farmers, setting up dairy cooperatives, and providing marketing support.

The future of milk production in India is bright. The demand for milk and milk products is expected to continue to grow, and the government is committed to supporting the dairy sector. With the continued investment in the dairy sector, India is well-positioned to become the world’s leading producer of milk in the coming years.

Here are some other key takeaways from the chart:

  • The Indian milk production has increased by about 150% since 1991.
  • The world milk production has increased by about 40% since 1991.

The Chart 2 is a pie chart showing the percentage of different types of milk in a milk basket. The pie chart is divided into four slices, each representing a different type of milk. The slices are labeled as follows:

  • Sheep milk: 1%
  • Goat milk: 1%
  • Buffalo milk: 33%
  • Cow milk: 65%

The pie chart shows that cow milk is the most common type of milk in the basket, followed by buffalo milk. Goat milk and sheep milk are the least common types of milk in the basket.

Market Share of Milk in India in 2023

The pie chart shows the market share of milk in India in 2023. The largest market share is held by Amul, a dairy cooperative society based in Gujarat, with 30%. Mother Dairy, a government-owned enterprise, comes in second with 15%. Other major players in the market include Vadilal, Nestle India, and Parag Milk Foods, each with around 10% market share. The remaining 37% of the market is held by a variety of smaller players.

Amul is the leading milk brand in India, and its products are available across the country. The company is known for its high-quality milk and dairy products, and it has a strong distribution network. Mother Dairy is also a major player in the market, and its products are popular in the Delhi-NCR region. Vadilal is a leading manufacturer of ice cream and other dairy products, and it has a strong presence in the western and southern parts of India. Nestle India is a multinational company that has a wide range of dairy products, including milk, yogurt, and cheese. Parag Milk Foods is a leading manufacturer of dairy products in the north Indian market. The Indian dairy market is expected to grow at a CAGR of around 15% in the next few years. This growth is being driven by a number of factors, including increasing demand for milk and dairy products, rising disposable incomes, and growing urbanization. The market is also expected to benefit from the government’s initiatives to promote dairy farming and consumption.

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Empowering Higher Education: The PM-USHA(Pradhan Mantri Uchchatar Shiksha Abhiyan) Initiative for Access, Quality, and Innovation

Pradhan Mantri Uchchatar Shiksha Abhiyan (PM-USHA) is a centrally sponsored scheme launched by the Government of India in 2023 to improve access, equity, and quality in higher education. The scheme covers government and government-aided institutions in all states and union territories (UTs).

Data on fund allocation and government acceptance:

  • Fund allocation: The total fund allocation for PM-USHA is Rs. 10,000 crore for the period 2023-2027. This includes Rs. 5,000 crore for the equity, access, and inclusion component; Rs. 2,500 crore for the developing quality teaching and learning processes component; Rs. 1,000 crore for the employability enhancement component; Rs. 1,000 crore for the innovation and entrepreneurship component; and Rs. 500 crore for the capacity building and management component.
  • Government acceptance: As of August 2023, 30 state governments and 8 union territories have accepted PM-USHA. The scheme is expected to be implemented in all states and union territories by the end of 2023.

PM-USHA has five components:

1.Equity, Access, and Inclusion

PM-USHA aims to increase access to higher education for all, regardless of their social, economic, or geographical background. The fund allocation for this component is Rs. 5,000 crore.

Scholarships for students from disadvantaged groups:

Rs. 2,000 crore will be allocated for scholarships for students from disadvantaged groups, such as SCs, STs, OBCs, and minorities. 

Establishment of hostels and other facilities for students from rural areas:

Rs. 1,000 crore will be allocated for the establishment of hostels and other facilities for students from rural areas.

Promotion of multilingualism in higher education:

Rs. 2,000 crore will be allocated for the promotion of multilingualism in higher education, with a focus on mother tongue and regional languages

2.Developing Quality Teaching & Learning Processes:

PM-USHA aims to improve the quality of teaching and learning in higher education institutions. The fund allocation for this component is Rs. 2,500 crore.

Upgradation of physical and digital infrastructure:

Rs. 1,000 crore will be allocated for the upgradation of physical and digital infrastructure in higher education institutions.

Faculty training:

Rs. 500 crore will be allocated for faculty training in higher education institutions.

Development of innovative curricula:

Rs. 500 crore will be allocated for the development of innovative curricula in higher education institutions.

Student support programs:

Rs. 500 crore will be allocated for student support programs in higher education institutions, such as counseling and mentoring.

3.Employability Enhancement

PM-USHA aims to enhance the employability of graduates by providing them with the skills and knowledge they need to succeed in the job market. The fund allocation for this component is Rs. 1,000 crore.

Establishment of career counselling centres:

Rs. 250 crore will be allocated for the establishment of career counseling centers in higher education institutions.

Promotion of internships and apprenticeships:

Rs. 250 crore will be allocated for the promotion of internships and apprenticeships for students in higher education institutions.

Development of market-linked courses:

Rs. 500 crore will be allocated for the development of market-linked courses in higher education institutions.

4.Innovation & Entrepreneurship

PM-USHA aims to promote innovation and entrepreneurship in higher education. The fund allocation for this component is Rs. 1,000 crore.

Establishment of incubators and accelerators:

Rs. 250 crore will be allocated for the establishment of incubators and accelerators in higher education institutions.

Support for start-ups:

Rs. 250 crore will be allocated for support for start-ups founded by students and faculty from higher education institutions.

Promotion of research and development:

Rs. 500 crore will be allocated for the promotion of research and development in higher education institutions.

5.Capacity Building & Management

PM-USHA aims to build capacity and improve the management of higher education institutions. The fund allocation for this component is Rs. 750 crore.

Strengthening governance structures:

Rs. 250 crore will be allocated for strengthening governance structures in higher education institutions.

Improving financial management:

Rs. 250 crore will be allocated for improving financial management in higher education institutions.

Promoting transparency and accountability:

Rs. 250 crore will be allocated for promoting transparency and accountability in higher education institutions.

key goals of PM-USHA:

  • To increase the gross enrolment ratio (GER) in higher education to 50% by 2030.
  • To improve the quality of teaching and learning in higher education institutions.
  • To enhance the employability of graduates.
  • To promote innovation and entrepreneurship in higher education.
  • To build capacity and improve the management of higher education institutions.

PM-USHA is a comprehensive and ambitious scheme that has the potential to make a real difference in the lives of millions of students and help them achieve their full potential. The scheme is aligned with the National Education Policy 2020, which aims to make higher education more accessible, equitable, and relevant to the needs of the 21st century.

PM-USHA also includes a number of cross-cutting themes, such as:

  • Gender equality
  • Disability inclusion
  • Climate change
  • Sustainable development

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Mutual Funds to Consider for Long-Term Investors

Mutual funds are one of the most popular investment options in India. They offer a number of advantages over other investment options, such as diversification, professional management, and liquidity. However, it is important to understand the structure of mutual funds in India before you invest.

The Indian mutual fund structure is a three-tier system. The three tiers are:

  1. The sponsor
  2. The trustee
  3. The asset management company (AMC)

The Sponsor

The sponsor is the entity that sets up the mutual fund. It can be a bank, a financial institution, or a corporate entity. The sponsor is responsible for the overall management of the mutual fund, including:

  • Appointing the trustees
  • Appointing the AMC
  • Approving the mutual fund’s investment objectives and policies
  • Monitoring the performance of the AMC

The Trustee

The trustee is the legal guardian of the mutual fund’s assets. It is responsible for ensuring that the assets are managed in the best interests of the unitholders (investors). The trustee has a number of powers, including:

  • Approving the AMC’s investment decisions
  • Approving the AMC’s fees
  • Overseeing the AMC’s compliance with regulations
  • Investigating complaints from unitholders

The Asset Management Company (AMC)

The AMC is the investment manager of the mutual fund. It is responsible for making investment decisions on behalf of the unitholders. The AMC has a number of responsibilities, including:

  • Selecting the securities to invest in
  • Monitoring the performance of the investments
  • Making redemption and repurchase payments to unitholders
  • Marketing the mutual fund to investors
  • Complying with regulations

Other Participants

In addition to the sponsor, trustee, and AMC, there are a number of other participants in the Indian mutual fund structure. These include:

  • Custodians: Custodians hold the mutual fund’s securities in safe custody.
  • Transfer agents: Transfer agents maintain the records of the mutual fund’s unitholders and facilitate the purchase, sale, and redemption of units.
  • Depositories: Depositories enable the electronic transfer of securities between investors and custodians.
  • Banks: Banks provide clearing and settlement services for mutual fund transactions.
  • Distributors: Distributors market and sell mutual fund units to investors.

The Benefits of the Indian Mutual Fund Structure

The Indian mutual fund structure has a number of benefits, including:

  • Diversification: Mutual funds invest in a wide variety of securities, which helps to reduce risk.
  • Professional management: Mutual funds are managed by experienced professionals who have the expertise to select and manage investments.
  • Liquidity: Mutual funds can be easily bought and sold, which provides investors with liquidity.
  • Tax efficiency: Mutual funds offer a number of tax benefits, which can help to reduce the tax burden on investors.

The Drawbacks of the Indian Mutual Fund Structure

The Indian mutual fund structure also has a few drawbacks, including:

  • Costs: Mutual funds charge a number of fees, which can eat into the returns of investors.
  • Risk: Mutual funds are subject to market risk, which means that their prices can go down as well as up.
  • Complexity: The Indian mutual fund structure can be complex, which can make it difficult for investors to understand.

Types of Mutual Funds

There are a number of different types of mutual funds available in India. These include:

  • Equity funds: Equity funds invest in stocks. They are the most risky type of mutual fund, but they also have the potential to generate the highest returns.
  • Debt funds: Debt funds invest in bonds and other fixed-income securities. They are less risky than equity funds, but they also have the potential to generate lower returns.
  • Hybrid funds: Hybrid funds invest in a combination of equity and debt securities. They offer a balance of risk and return.
  • Money market funds: Money market funds invest in short-term debt securities. They are the safest type of mutual fund, but they also have the potential to generate the lowest returns.
  • Index funds: Index funds track a specific market index, such as the Nifty 50 or the Sensex. They are a low-cost way to invest in the stock market.
  • Exchange-traded funds (ETFs): ETFs are similar to index funds, but they can be traded on exchanges like stocks. This makes them a more liquid investment than index funds.

Expenses Associated with Mutual Funds

There are a number of expenses associated with mutual funds. These include:

  • Management fees: Management fees are charged by the AMC to cover the costs of managing the mutual fund. They are typically expressed as a percentage of the fund’s assets.
  • Distribution fees: Distribution fees are charged by distributors to market and sell the mutual fund. They are typically expressed as a percentage of the amount invested

5 best performing mutual funds in India over the last 5 years, as of 2023

Data of the number of people and amount of money flowing into mutual funds in India since 2000

The chart shows the growth of the mutual fund industry in India from 2000 to 2022. The number of investors in mutual funds has grown from 3 lakhs to 79 lakhs, and the amount of money flowing into mutual funds has grown from Rs. 10,200 crores to Rs. 6,76,100 crores. This is a growth of over 2,600% and 6,600%, respectively.

The growth in the mutual fund industry has been driven by a number of factors, including the rising popularity of equity funds, the launch of new schemes by mutual fund companies, and the increasing awareness about mutual funds among investors.

The growth in the mutual fund industry is a positive sign for the Indian economy. It suggests that more and more Indians are investing in long-term financial products, which will help to boost savings and investment in the country.

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