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MFs' asset base reaches all-time high of Rs 25 lakh cr

Saturday, September 08, 2018

Mutual funds' asset base touched a record Rs 25 lakh crore in August-end, a surge of 8.41% over the previous month, on the back of robust inflow in liquid funds and strong participation from retail investors.

According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 23.06 lakh crore at the end of July. The total asset base of all the fund houses put together was Rs 20.6 lakh crore in August last year.

The monthly rise in the asset base is mainly due to the industry body's investor awareness campaign and strong participation from retail investors, Amfi chief executive N S Venkatesh said.

Besides, Systematic Investment Plans (SIPs) continue to be the fancy of retail investors and people continue to invest through the route as it allows investors to invest in small amounts periodically instead of lump sum, he added.

He further said that SIP helps in rupee cost averaging and also in investing in a disciplined manner without worrying about market volatility and timing the market.

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