Equity mutual funds asset base climbs 16% to nearly Rs 4 lakh crore in April
The industry's equity assets under management (AUM) rose to Rs 3.57 lakh crore last month as against Rs 3.06 lakh crore in April last year, according to latest data available with Association of Mutual Funds in India (AMFI).
In April, equity and equity-linked saving schemes saw an infusion of Rs 4,438 crore, the highest in five months. Image Source: Reuters