The mutual fund industry has reached a new milestone with assets under management (AUM) touching Rs 31.64 trillion in February. This is a growth of 4 per cent compared to the January end, according to AMFI data. While this is indeed remarkable, equity flows, a keenly tracked data point, continued to disappoint. Equity mutual funds saw net outflows for the eighth month in a row in February. The growth in AUM was mainly driven by an increase in the value of...
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