News From Press Top 10 AMCs assets swell 37% in FY17, profit grows 21%

Top 10 AMCs assets swell 37% in FY17, profit grows 21%

Source: ET/PTI Nov 13, 2017

The asset base of top 10 mutual funds rose sharply by 37 per cent in 2016-17 while their profits grew 21 per cent, leaving room for better operating leverage to kick in for most players.

The profit before tax (PBT) of these AMCs (asset management companies) grew by 21 per cent to Rs 4,001 crore in 2016-17, from Rs 3,309 crore in 2015-16, data with the Association of Mutual Funds in India (Amfi) showed.

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