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MF industry assets grow 35% to record Rs 18.3 lakh cr in FY17

MF industry assets grow 35% to record Rs 18.3 lakh cr in FY17

Wednesday, April 5, 2017, 5:42 PM

The asset base of mutual fund industry in India surged 35% to all-time high of Rs 18.3 lakh crore in 2016-17, driven by growing participation from retail investors. The assets under management (AUM) were at Rs 13.53 lakh crore at the end of 2015-16, according to the Association of Mutual Funds in India (Amfi).
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