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MFs' assets top Rs 15 lakh cr in July

Buoyant market amid liquidity helped the sector reach the milestone

Chandan Kishore Kant  |  Mumbai 

India’s mutual fund (MF) sector hit a new milestone in July by topping Rs 15 lakh crore in assets under management (AUM), amid a sharp increase in the stock markets and encouraging flows from investors. The sector’s assets stood at Rs 13.8 lakh crore at the end of June, after breaching Rs 14 lakh crore in April.

Helped by a 10 per cent increase in the benchmark Sensex, the latest addition of Rs 1 lakh crore in assets took only three months. ALSO READ: Mutual Funds exposure in bank stocks hits a record at Rs 94,000 crore The high growth was largely due to mark-to-market ...

First Published: Mon, August 08 2016. 22:48 IST
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