The mutual fund industry’s average assets under management hit an all-time high of Rs.13.41 trillion in the three-month period ending December 2015. Equity assets under management had already crossed a record Rs.4 trillion in November. With a growth of 27.5%, mutual fund assets grew some two-and-a-half times the pace of bank deposit growth in 2015. But they are still some time away from being the savings instrument of choice.
Your bulletin for the day
Read More
