MF News Mutual fund assets at record high in December, rise 21% in 2015

Mutual fund assets at record high in December, rise 21% in 2015

Source: Livemint Jan 5, 2016

The Indian mutual fund (MF) industry saw its average quarterly assets rise to a record high in the December quarter, making it the ninth straight quarter of gains, Crisil Research said in a release on Monday.

The quarterly average assets under management (AUM) rose 1.8%, or Rs.23,400 crore, to Rs.13.39 trillion—a record tally since the Association of Mutual Funds in India (Amfi) started declaring data in September 2010, Crisil said in a note.

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