New Delhi, January 17: Mutual Fund (MF) industry in India is likely to have Rs 17,60,000 crore Assets Under Management (AUM) by March 2015 on account of strong fundamentals and an active market regulator in place to protect investors interest, according to a study.
The study, titled ”Indian Mutual Fund Industry-Accessing the Untapped Potential”, reveals that although AUM declined by Rs 87,900 crore for financial year 2008-09 as a result of global financial turmoil, a strong recovery was registered in second half of 2009.
–Agencies