Riding on equity schemes, mutual fund assets cross Rs 50 lakh crore in December
Mutual fund folios touch an all-time high
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Mutual fund folios touch an all-time high
The average asset under management (AAUM) for mutual funds in December stood at Rs 51.09 lakh crore compared to Rs 48.74 lakh crore in November.
“As we approach the end of another remarkable year, its time to celebrate the positive growth and success of the Mutual Fund Industry. The AUM has been increasing steadily, reflecting the growing trust and confidence of investors. The overall AUM stands at 49,04,992.39 crores in November 2023. We believe this trend will continue through December as well and the numbers will continue to remain positive,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).
According to the experts, the mutual industry reported a strong performance in August as the Indian retail investors continue to pump funds into the equity markets via the Mutual Fund route
09.02.2022 - FY 2021: Strong increase of earnings: net income1 of €1,315m (+37%)Very robust business momentum: +€75bn in MLT assets2 excl. JVs AuM of €2,064bn with the consolidation of Lyxor as of 2021 year end An excellentQ4 20213 Net inflows of ...