India's mutual fund (MF) industry continued to put up a robust show in the financial year 2016-17. Though inflows in equity schemes were slightly lower than previous financial year, the absolute amount was still high at Rs 70,000 crore. Equity folio counts stood at nearly 41 million, a little less than the all-time high at around the 2008 financial crisis. Total equity Assets Under Management (AUM) were at an all-time high of Rs 5.4 lakh crore.
