Suresh P Iyengar After receiving record investments over the past few years, mutual funds finally seem to be losing steam, with almost all top fund houses recording single digit growth or marginal fall in average assets under management (AUM) in the June quarter.
The average AUM of 43 mutual funds was up just 2 per cent to ₹23.4 lakh crore in the June quarter against ₹23.05 lakh crore logged in the March quarter, as most offshore funds trimmed their India exposure to focus on the reviving US economy.
