Mutual fund industrys AUM decreases over 2% in May says Brokerage firm ICICI direct research

The Mutual fund industry’s AUM has declined by 2.1% to Rs 37.2 lakh crore in May from Rs 38 lakh crore in April 2022 pulled down by outflows in debt funds and mark-to-market decline in equity funds, domestic brokerage firm ICICI Direct Research said in its report.