Mutual funds’ asset base rose to a little over Rs 24 lakh crore by November-end, an increase of 8 percent from a month ago led by strong inflow in liquid schemes.
According to data on Association of Mutual Funds of India (AMFI), the asset under management (AUM) of 42-player mutual fund industry jumped from Rs 22.23 lakh crore at the end of October, to Rs 24.03 lakh crore in November-end.
Mutual funds experts said that investments via systematic investment plans continued despite volatile equity market last month.
Amid intermittent bouts of volatility, Sensex and Nifty rose slightly over 4 percent in November.
The industry received Rs 7,985 crore via SIP route in November, a rise of 35.44 percent on a year-on-year basis. While AUM of industry went up, inflows in equity schemes fell.
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