The national distributor reported a 43% surge in equity AUM at Rs. 43,618 crore, driven mostly by acquisition of Karvy's mutual fund distribution business.
The Prime Minister Narendra Modi said that the rising mutual fund AUM shows that there is a large aspirational class in India which wants to invest for growth.
Cafemutual is an independent media platform and focuses on providing knowledge and information for the benefit of finance professionals. We do not promote any particular brand or asset category.
