Mutual funds' assets base surged to over Rs 23 lakh crore in 2017-18, adding Rs 4.75 lakh crore to the kitty, due to a spirited investor awareness campaign by the industry and strong participation from smaller towns.
Moreover, fund houses may see robust growth in AUM (asset under management) in the current financial year too, as the penetration levels of mutual funds are still very low in the country.
