By PTI Jul 4, 2020 12:42:09 PM IST (Updated)
Mutual funds' asset base dropped eight per cent to nearly Rs 25 lakh crore in the quarter ended June 30, mainly due to outflow pressure in equity and debt categories.
Mutual funds' asset base dropped eight per cent to nearly Rs 25 lakh crore in the quarter ended June 30, mainly due to outflow pressure in equity and debt categories.
Average asset under management (AAUM) of the industry, comprising 45 players, stood at Rs 24.82 lakh crore in April-June quarter 2020 as compared to Rs 27 lakh crore in the preceding quarter, according to a data by Association of Mutual Funds in India (Amfi).
The asset base of the industry was Rs 25.5 lakh crore in the same period a year ago.