Mutual Funds' AUM rises 14% to Rs 24 lakh crore in Sept quarter

Mutual funds' asset base rose to over Rs 24 lakh crore in July-September quarter, a 14% surge from the year-ago period, driven by participation from retail investors and a spirited investor awareness campaign by the industry.

The asset base of the industry, comprising 41 players, was Rs 23.4 lakh crore in the preceding three months, showing a growth of just 2.5% on quarterly basis, according to the data by Association of Mutual Funds in India (Amfi).

The total asset base of all the fund houses put together was Rs 21 lakh crore in July-September 2017.

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