MF asset base at Rs. 9.85 trillion in Q1 FY15

India Infoline News Service | Mumbai |

The collective AUM of 45 fund houses stood at about Rs. 8 trillion at the end of 2013

AMFI says the total asset base of mutual funds could reach Rs. 20 trillion in the next four-five years from about Rs. 9.85 trillion currently, according to a media report.


The collective AUM of 45 fund houses stood at about Rs. 8 trillion at the end of 2013 and has grown to Rs. 9.85 trillion during the first quarter of the current fiscal.


However, the asset base of mutual funds together had touched a record Rs. 10.11 trillion in May.




 

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