Mutual funds added a whopping Rs 3 lakh crore to their asset base in 2018 and the uptrend may continue in the new year, helped by a consistent rise in the Systematic Investment Plan (SIP) flows and a strong participation of retail investors despite volatile markets.
The Asset Under Management (AUM) of the industry rose by 13 percent to Rs 24 lakh crore in 2018 by November-end, up from Rs 21.26 lakh crore at the end of December 2017, data available with the Association of Mutual Funds in India (AMFI) showed.
