AMFI reports 2.7% rise in asset base for Nov 2019
Dec 09 2019
News Category: Industry Update
Association of Mutual Fund in India (AMFI) reported data for Nov 2019 with the asset under management (AUM) of the mutual fund industry improved 2.7% from Rs. 26.33 lakh crore in Oct 2019 to Rs. 27.05 lakh crore in Nov 2019. The industry registered net inflow of Rs. 0.54 lakh crore during the month, which was majorly due to massive inflows from overnight funds under debt-oriented schemes. Overnight funds accounted for an inflow of Rs. 0.21 lakh crore during the period.