Mutual funds add Rs 1.24 lakh crore to asset base in 2018

Mutual funds have added Rs 1.24 lakh crore to their asset base in 2018 assisted by consistent increase in SIP flows and a robust participation of retail investors despite volatile markets.

The Asset Under Management (AUM) of the industry grew by 5.54% or Rs 1.24 lakh crore to Rs 23.61 lakh crore at the end of December 2018, from Rs 22.37 lakh crore at the end of December 2017, according to Association of Mutual Funds in India (AMFI).

The year 2018 also marked the sixth consecutive yearly rise in the industry’s AUM after a drop in the two preceding years.

Source: PTI, AMFI

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