News From Press Andhra Pradesh Investors miss out on mutual fund gains

Andhra Pradesh Investors miss out on mutual fund gains

Source: TOI Oct 24, 2024

Visakhapatnam: Assets under Management (AUM) for mutual fund companies from investors in Andhra Pradesh stand at approximately Rs 89,000 crore, representing nearly 5.8% of the state's GDP of Rs 15.4 lakh crore. This figure is significantly lower than the national average of 19.7%, with a total AUM of Rs 67.05 lakh crore against a national GDP of Rs 340 lakh crore.

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