Diabytes
Mutual funds' asset base News
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The mutual fund (MF) industry's asset base declined marginally by 1.15 percent to Rs 19.03 lakh crore at the end of May, mainly due to outflow from money market segments.
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The mutual fund (MF) industry's asset base has crossed the Rs 19 lakh crore mark in April on the back of fresh inflows in equity, debt and money market segments.
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Contribution of the country's smaller towns -- known as beyond-15 cities (B15) -- to mutual funds' asset base surged 44 percent to Rs 3.07 lakh crore by February-end due to investor-friendly initiatives by Sebi.
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Contribution of small towns -- known as beyond the top 15 cities (B15) -- to mutual funds' asset base in India has surged 19 percent to Rs 2.02 lakh crore in last fiscal.
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