Mutual Fund Sahi Hai. . . almost all of us have heard and read it on banners, advertisements and of course.. mutual fund advisors. And no doubt, popularity of SIP Mutual Funds have grown, not only in big cities but also in semi-urban cities. As per data compiled by Association of Mutual Funds of India, Assets managed by the Indian mutual fund industry have grown from Rs. 20.97 trillion in August 2017 to Rs. 24.70 trillion in August 2018. That represents a whopping 17.81% growth in assets over August 2017.