The mutual fund (MF) industry has had a surprisingly good 2015. Neither the uncertain equity market nor the slower-than-expected economic recovery made a dent in incremental inflows of MFs.
According to a recent Crisil Research report, in the December 2015 quarter, average assets under management (AAUM) grew 21% to Rs.13.39 trillion as compared to the same quarter last year. A look at the net inflows data by the Association of Mutual Funds of India confirms the positive trend. Aggregate net inflows across categories increased three-fold in 2015 to Rs.199.61 trillion (till November) from Rs.65.12 trillion in 2014.
