The mutual fund industry is going from strength to strength. Last year (2022) turned out to be spectacular for the MF industry with asset under management (AUM) crossing a record high of Rs 40 lakh crore as of November, around a two-fold increase in a span of 5 years. (image) The growth in AUM was aided by an expanding domestic economy, robust inflows, and rising investor participation, particularly individuals. The AUM growth was also boosted by the rise in equity...
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