Mutual Funds add Rs 1.24 lakh crore to asset base in 2018 on SIP flows, strong retail participation
Updated : January 09, 2019 06:29 AM IST
The asset under management (AUM) of the industry grew by 5.54 percent or Rs 1.24 lakh crore to Rs 23.61 lakh crore at the end of December 2018, up from Rs 22.37 lakh crore at the end of December 2017, latest data available with the Association of Mutual Funds in India (Amfi) showed.
The year 2018 also marked the sixth consecutive yearly rise in the industry's AUM after a drop in the two preceding years.
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