News From Press Equity AUM of mutual funds grows 45% in Jan, Tatas lead overall growth matrix

Equity AUM of mutual funds grows 45% in Jan, Tatas lead overall growth matrix

Source: Moneycontrol Feb 23, 2024

Indian equity bull run in 2023 has done wonders for asset management companies (AMCs). So much so that it has helped average equity asset under management (AUM) grow by an impressive 45 percent year on year for large players or funds with more than 1 lakh crore average AUM. The total average AUM has grown ~30 percent for the same set of mutual funds.

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