Mutual fund industry saw its assets base jump to over Rs 22 trillion in 2017, adding more than Rs 5.4 trillion to the kitty, on strong participation from retail investors and investor awareness initiatives.
Moreover, fund houses are expecting similar 'healthy' growth in AUM to continue in the new year too as the penetration levels of mutual funds are still very low in the country.
75 years to reach per capita income of $2730, will take only 5 years to add another $2000, FM Sitharaman
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