Assets of mutual funds touch record high
BOUNCING back from the decline witnessed in January, assets under management (AUM) of the domestic mutual fund industry breached the Rs 31.5 lakh crore-mark for the first time
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Mutual fund redemptions increased 39% in 2023
Mumbai: BOUNCING back from the decline witnessed in January, assets under management (AUM) of the domestic mutual fund industry breached the Rs 31.5 lakh crore mark for the first time, settling 3.7 per cent higher at Rs 31.6 lakh crore at end-February, a Crisil research report has showed.
As per the report, the previous high recorded was at the end-2020, when the asset base had settled at Rs 31.02 lakh crore.
Inflows in the open-ended debt and hybrid categories, coupled with mark-to-market gains in the domestic equity market, were the main factors contributing to the rise in the asset base in February even as outflows from equity funds capped gains, the ratings agency's research report released on Wednesday said.
