Equity mutual funds at new highs; private banks most preferred

Key Highlights: 

• Equity AUM  of the mutual fund industry reached to a new high of Rs 6.3 lakh crore
• Private banks most preferred stock in Mutual Fund markets

In the month of July 2017, equity asset under management (AUM) of the mutual fund industry reached a new high of Rs 6.3 lakh crore, rising by 6.4% on month-on-month basis. 

According to Motilal Oswal, this would be the quickest over Rs 1 lakh crore addition in the mutual fund industry. 

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