As per media reports, mutual fund industry’s Asset Under Management (AUM) grew to an all time high of Rs. 16.46 trillion in Dec, on the backdrop of which a domestic rating agency commented that the robust performance of the industry came on the back of growing investor awareness and increased investments in systematic investment plans. Post-demonetisation, interest rates have started declining and can have a positive bearing on the performance of debt-oriented funds. It added that industry AUM had crossed Rs. 10 trillion in May 2014, and could reach the important milestone of Rs. 20 trillion in 2017.