Mutual funds add Rs 5.4 trillion in 2017; AUM crosses Rs 22 trillion
Mutual fund industry saw its assets base jump to over Rs 22 lakh crore in 2017, adding more than Rs 5.4 lakh crore to the kitty, on strong participation from retail investors and investor awareness initiatives.
Moreover, fund houses are expecting similar 'healthy' growth in AUM to continue in the new year too as the penetration levels of mutual funds are still very low in the country.
Total AUM of all the fund houses put together soared by over Rs 5.4 lakh crore, or 32 per cent, to Rs 22.35 lakh crore at the end of December 2017 from Rs 16.93 lakh crore in December-end 2016, latest update with Association of Mutual Funds in India (Amfi) noted.
This was the fifth consecutive yearly rise in the industry AUM, after a drop in the assets base for two preceding years.
Sebi proposes distinction between mutual fund distributors and advisers
Source: PTI, AMFI
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