The entire Assets under Management (AUM) of Mutual Funds stood at ₹ 5872.17 billion as on March 31, 2012 which was 6.6 percent of GDP. Of this FIIs had a holding of 0.9 percent and NRIs 6 percent. Thus, cross border linkages and the consequential impact are also not seen as very high on such funds.
At that point, we were anticipating economic growth of about 3.1 per cent this year, 3.0 per cent in 2007, and 2.9 per cent in 2008. Things have changed somewhat since then.