The assets under management of the mutual fund (MF) industry touched a record high of Rs 17.37 lakh crore during January on the back of strong inflows into equity , income and money market schemes. The AUM of equity MFs (including equitylinked savings schemes or ELSS) surged to an all-time high of nearly Rs 4.96 lakh crore during the month.The AUM of the MF industry has risen at a sharp pace in 2016-17 -assets have jumped 40.9% or by Rs 5.04 lakh crore since the end of March last year.
