News From Press Top mutual funds' asset base declines by Rs 8,900 crore in February

Top mutual funds' asset base declines by Rs 8,900 crore in February

Source:ET Mar 20, 2018

The asset base of the country's top 10 mutual funds declined by a massive Rs 8,900 crore in February, mainly on account of lower inflows from retail and high networth individuals (HNIs).

The assets under management (AUM) of the fund houses slumped to Rs 18,68,404 crore in February, as against Rs 18,77,303 crore in January, as per the data of the Association of Mutual Funds in India (Amfi).

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