MF News MF industry's asset base surges 21% to Rs 13.4 lakh crore in 2015

MF industry's asset base surges 21% to Rs 13.4 lakh crore in 2015

Source: PTI/Economic Times Jan 4, 2016

Strong participation from retail investors and robust inflow in equity schemes helped the mutual fund industry's asset base soar by 21.1 per cent to Rs 13.4 lakh crore in 2015.

The country's 44 fund houses together had an average assets under management (AUM) of Rs 11.06 lakh crore at the end of December 2014, compared to Rs 13.39 lakh crore registered in December-end last year, as per latest data available with Association of Mutual Funds in India ( AMFI).
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