Asset base of equity mutual funds (MFs) surged 14 per cent to Rs 3.7 lakh crore at the end of May as retail investors poured money into these schemes.
The industry's equity assets under management (AUM) were Rs 3.25 lakh crore in May last year, as per the latest data from Association of Mutual Funds in India (AMFI).
In April, the asset base of equity MFs stood at Rs 3.57 lakh crore.
Despite over 4 per cent slump in the benchmark BSE Sensex in the last one y ..
