The Indian equity market fell by over 3 percent in March, and this was mirrored by a fall in mutual funds' assets under management (AUM), which fell to Rs 21.36 lakh crore from Rs 22.20 lakh crore recorded in February.
The equity AUM under, including equity linked savings schemes (ELSS), balanced funds, and other exchange traded funds (ETFs), came in at Rs 9.95 lakh crore, down from Rs 10.21 lakh crore seen last month. This is 47.9 percent higher than the Rs 6.73 lakh crore recorded in March last year.
