News From Press Charging bulls chase up mutual fund average AUM in Q1, shows data

Charging bulls chase up mutual fund average AUM in Q1, shows data

Source: Business Standard Jul 10, 2023

The mutual fund (MF) industry recorded a 6.4 per cent quarter-on-quarter growth in the average assets under management (AAUM) during the first quarter (April-June) of the current financial year (2023–24) as a bull run in the equity market pushed up the value of the underlying assets.The growth was the highest in seven quarters and helped drive AAUM for the industry above the Rs. 43 trillion mark.

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