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    Domestic mutual fund AUM crosses Rs 50L crore milestone amid sustained inflows, buoyant market

    Synopsis

    ​The total assets under management (AUM) of mutual funds (MF) in India hit a record Rs 50.8 lakh crore ($609 billion) in December according to the data from the Association of Mutual Funds in India (AMFI).

    The total assets under management (AUM) of mutual funds (MF) in India hit a record Rs 50.8 lakh crore ($609 billion) in December according to the data from the Association of Mutual Funds in India (AMFI). The Rs 50 lakh crore milestone was achieved a year earlier than analysts’ estimates. It grew by six times from Rs 8.3 lakh crore a decade ago. The ratio of mutual fund AUM and the gross domestic product (GDP) at market prices reached 17%
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    The Economic Times