Mutual funds grow 12.4pc as industry AUM hits Rs4.72tr
Assets under management reached Rs4.72 trillion by end-September after a Rs520 billion yearly rise, far below the trillion-rupee gains of the prior two years.
Industry assets under management rose 12.4 percent year on year to Rs4.72 trillion by end-September.
The Rs520 billion yearly increase was well below the Rs1.15 trillion and Rs1.23 trillion gains of the previous two years.
Bank and DFI deposits made up about 58 percent of assets; equities were about 14 percent.
Individual investors held Rs2.04 trillion, or 43.2 percent of industry assets.
Money market and equity funds recorded negative growth, with many investors redeeming dividends.