August 2017 will go down in history as the month that the total assets under management of the Indian Mutual Fund industry shot past the 20-lakh crore (20 trillion) mark for the first time. This is twice the August 2014 figure, which stood at Rs. 10 lakh crores. Quite a trailblazing growth path, by all measures!
What is noteworthy is that high risk Equity Oriented Funds registered a record-smashing monthly net inflow of Rs. 20,352 crores, per data from the Association of
Mutual Funds in India (AMFI). Balanced Funds AUM too, grew handsomely by as much as Rs. 8,783 crores.
6 equity mutual funds offer over 25% CAGR in five years
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