Buoyed by strong gains in stock prices, the average assets under management (AUM) for the mutual fund (MF) industry increased 9 per cent during the three-month period ending September 2023.
This marked the highest quarterly growth for the industry since September 2021. It was also the second consecutive quarter where the AUM growth surpassed five per cent. The industry's average quarterly AUM increased 16 per cent in the first half of financial year 2023-24, reaching Rs 47 trillion.
