Asset base of equity mutual funds (MFs) has surged 13 per cent to Rs 3.45 lakh crore at the end of March from a year ago on the back of retail investors pouring money into these schemes.
The industry's equity assets under management (AUM) rose to Rs 3.45 lakh crore last month, from Rs 3.05 lakh crore in March 2015, according to Association of Mutual Funds in India ( AMFI).
In February, the asset base of equity MFs stood at Rs 3.18 lakh crore.
Despite over nine per cen ..
