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Mutual funds AUM increases for fifth straight year in FY17

Mutual funds AUM increases for fifth straight year in FY17

Tuesday, April 18, 2017, 10:36 PM

Asset under management of domestic mutual fund industry rose for the fifth straight year by 35% year-on-year, or Rs 4.8 lakh crore to an all-time high of Rs 18.3 lakh crore in FY17. The rise in AUM can be attributed to robust inflows in income, equities, liquid and balanced categories, as domestic investors preferred SIPs and income/liquid schemes over traditional bank deposits.
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