A report by Morningstar India says that the total open-end AUM of the mutual fund industry stood at Rs 35,40,454 crores as of June 2022, down by 4% since the previous quarter. The industry hit its peak a couple of quarters back in the third quarter of fiscal 2021-22 when AUM totaled INR 37,11,433 crores. Since then, owing to volatile markets AUM has dropped by around 4.6%.
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