Diabytes
Mutual fund assets News
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Mutual fund industry's asset base surged by 12 percent to a record high of Rs 16.11 lakh crore in July-September quarter helped by strong participation from retail investors and robust inflow in equity schemes.
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Buoyant inflows in equity and short- maturity debt funds lifted average assets under management of the country's mutual funds in the quarter ended June to a new record and above the Rs 14 trillion mark for the first time, says a report.
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The asset base of mutual fund industry rose by more than Rs 6,300 crore to Rs 10.12 lakh crore in August boosted by inflows in equity funds.
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