MFs added Rs 3.15 trn to asset base in 2019 on debt schemes, Sebi measures

The AUM of the industry rose by over 13 per cent to Rs 26.77 trillion

Mutual funds have added a whopping Rs 3.15 trillion to their asset base in 2019 on the back of robust inflows in debt schemes and measures taken by regulator Sebi for boosting investor confidence.

The asset under management (AUM) of the industry rose by over 13 per cent (Rs 3.15 trillion) to Rs 26.77 trillion at the end of last month, up from Rs 23.62 trillion at the end of December 2018, as per the latest data available with the Association of Mutual Funds in India (Amfi).

The AUM growth seen by the 44-member mutual fund industry in 2019 is significantly higher