New Delhi [India], The equity market has grown at about 14 per cent year-on-year since Modi came to power in 2014. During the last ten years, the assets under management (AUM) or assets under management (MF) industry of the Indian mutual funds has grown from Rs 8.25 trillion as of March 31, 2014 to Rs 53.4 trillion as of March 31, 2024, with a forecast of 10 years. With an investor base of 4.21 crore, the MF industry's AUM has grown by more than 6 times over the period. The total number of accounts recently crossed Rs 5 trillion, increasing from 3.8 crore ten years ago to 17.79 crore by March 31, 2024. It became crores. Number of folios under Equity, Hybrid and Solution Oriented schemes, where maximum investment is from the retail sector. A record Rs 19,271 crore of around Rs 14.24 crore was invested in MFs through systematic investment plans (SIPs in March this year), with the top 5 large-cap MF schemes earning investors returns of 14.7 per cent to 18.17 per cent over the 10-year period. Average annual return is given in between. Over the last 10 years, the highest returns came from Nippon India's Large-CA fund, which has given the highest CAGR average return of 18.17 per cent on an annual basis.The top 5 mid-cap funds have given an average return of 20.2. per cent and 2 per cent, and the top 5 large and midcap funds delivered compound annual average returns between 16.8 and 22.34 per cent, with Invesco India's mid-cap fund giving the highest returns, a CAGR of 22.34 per cent over 10 years. On a year-on-year basis the top 5 small cap funds did wonders and delivered compound average returns between 18.74 per cent and 28 per cent over 10 years. Nippon India's Small CA Fund delivered CAGR returns of 28 per cent over a 10-year period on year-to-date basis. Even tax saving schemes like ELSS (Equity-Linked Incentive Schemes) gave good returns apart from saving on tax.The top 5 ELSS schemes delivered compound average returns between 16.9 per cent and 24.7 per cent over a 10-year period. Investors also get income tax exemption on investments up to Rs 1.5 lakh in ELSS under Section 80C of the Income Tax Act. In 2014, gold produced returns of almost 97 per cent with a CAGR of 7.2 per cent, while returns on Nifty for the same period were 262 per cent with a CAGR of 13.4 per cent, with the Sensex giving a total return of 255 per cent. per cent with a CAGR of 12.6 per cent but the returns on midcaps for the same period are 526 per cent with a CAGR of 16.7 per cent. On Wednesday, April 10, the Sensex closed above 75 thousand, which was three times more than 25 thousand during Modi's time.Came to power in 2014.