Diabytes
MF asset base News
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Overall, investors withdrew a net Rs 50,000 crore in MF schemes last month as compared to a net infusion of Rs 1.4 lakh crore in April.
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In comparison, assets under management (AUM) of the MF industry, comprising 42 players, were at Rs 19.52 lakh crore during the April-June quarter, as per latest data with Association of Mutual Funds in India (Amfi).
The contribution of the country's smaller towns -- known as beyond-15 cities (B15) -- to mutual funds asset base has surged by 31 per cent over the last nine months of the current fiscal (2014-15) to Rs 1.85 lakh crore.
Industry body AMFI says total asset base of mutual funds could reach Rs 20 trillion in the next 4-5 years from about Rs 9.85 trillion currently.
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