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Mutual fund assets hit record Rs 17.9 trillion at February-end

The industry, comprising 43 active players, had an average assets under management (AUM) of Rs 17.37 lakh crore at January-end, the latest data of the Association of Mutual Funds in India (AMFI) showed. Industry experts attributed the monthly rise in asset base to inflows in income and equity categories.

 
 
The latest inflow has been mainly driven by contribution from income fund or debt schemes. Besides, equity ones continued to see positive inflows.
Those currently invested in debt funds are advised to remain invested and people with ample idle money should also concentrate on investing their surplus funds.
Mutual fund folios rose by 2.6 per cent, quarter-on-quarter, to an all-time record high of 48.9 million in June 2016.
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