Mutual funds asset base rises 12% to Rs 27.6 lakh cr in Sep quarter

Mutual funds’ asset base rose by 12 per cent to Rs 27.6 lakh crore in the quarter ended September 30 mainly due to appreciation in the value of their existing holding in equity-oriented funds. The average asset under management (AAUM) of the industry, comprising 45 players, was at Rs 24.63 …

Read moreMutual funds asset base rises 12% to Rs 27.6 lakh cr in Sep quarter