News From Press Mutual funds asset rises to all time high of Rs 17.37 trillion

Mutual funds asset rises to all time high of Rs 17.37 trillion

Source: Economic Times Feb 8, 2017

Mutual fund industry's asset base rose to all-time high of Rs 17.37 lakh crore at the end of January primarily on account of strong inflows in equity, income and money market segments.

The industry, comprising 43 active players, had an average assets under management (AUM) of over Rs 16.46 lakh crore in December end, the latest data of the Association of Mutual Funds in India (AMFI) showed.

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