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Mutual Funds' AUM dips slightly in November after 21 months of growth
The Business Guardian
|December 31, 2024
The average assets under management (AUM) of mutual funds in India witnessed a marginal decline for the first time in 21 months in November 2024, according to a report by the National Stock Exchange (NSE).
The overall AUM fell by 0.7 per cent month-on-month (MoM) to Rs 68 lakh crore, marking a modest dip in the mutual fund industry's growth trajectory.
It said "Average net assets under management (AUM) of Indian mutual funds declined by a modest 0.7 per cent MoM to Rs 68 lakh crore in November".
The decline was primarily attributed to equity-linked funds, which saw their AUM drop by 1.8 per cent MoM to Rs 38.1 lakh crore. This marked the first decline in three months for equity funds.
Diese Geschichte stammt aus der December 31, 2024-Ausgabe von The Business Guardian.
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