Mutual funds’ assets under management rise by 9 percent
Assets under management (AUM) of mutual funds in India rose by Rs.80,000 crore or nine percent to Rs.9.85 lakh crore in the April-June quarter of the current fiscal, industry data showed Wednesday.
The country’s 44 fund houses together had an average AUM of Rs.9.85 lakh crore during April-June quarter of 2014-15, up from Rs.9.05 lakh crore in the preceding three months, according to the latest data available with Association of Mutual Funds in India (AMFI).
However, AUM had touched a record Rs.10.11 lakh crore at the end of May.