News From Press Mutual fund assets increase 34% during FY24, the highest in 7 years

Mutual fund assets increase 34% during FY24, the highest in 7 years

Source: Business Standard Apr 5, 2024

The assets managed by domestic mutual funds (MFs) rose by 34 per cent during 2023-24 (FY24) — the most since 2016-17 — propelled by a sharp rally in the equity market and robust inflows. For the three months ended March 2024 (Q4FY24), the average assets under management (AUM) stood at Rs 54.1 trillion compared to Rs 40.5 trillion in Q4 of 2022-23 (FY23), according to data from the Association of Mutual Funds in India.

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