CICI Prudential Mutual Fund said it was expecting the industry's assets under management (AUM) to grow in the low double digits in the current financial year.
"The AUM of the mutual fund industry in FY18 has grown by 27 per cent to $355 billion. This year, there will be some slowdown but expected to grow in low double digits," Mittul Kalawadia, Fund Manager, ICICI Pru Mutual Fund, said.