AUM to hit Rs 20 lakh crore mark; milestone for MF industry
Shital Jibhe / 15 Feb 2017
The year seems to be good for the mutual fund industry as the Asset Under Management (AUM) of the industry is heading close to Rs 20 lakh crore mark and looks like, it will hit the mark soon.
The year seems to be good for the mutual fund industry as the Asset Under Management (AUM) of the industry is heading close to Rs 20 lakh crore mark and looks like, it will hit the mark soon.
The AUM has already reached 17.4 lakh crore in the month of January 2017. The AUM margin in January 2016 was at 12.7 lakh crore and has expanded by 36.4 per cent. In January 2017, a net inflow of Rs 53,817 crore was seen across categories which was five times higher than the December 2016 numbers.
A net inflow was seen across all mutual fund categories barring Gold Exchange Traded Funds and Gilt Funds.
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