Mutual fund assets racing towards Rs 20 lakh cr

Robust inflows from domestic investors through systematic investment plans are a big boon

The domestic mutual fund industry has shown phenomenal growth this financial year. Assets under management (AUM) of the industry have grown 45 per cent since April 2016 to Rs 17.9 lakh crore at the end of February. At the end of 2016-17, AUMs stood at Rs 12.32 lakh crore. The asset management industry is just 12 per cent short of reaching the 

Rs 20 lakh crore. Interestingly, MF industry captains in 2015-16 had forecast the industry would touch Rs 20 lakh crore by 2020. But, if the pace of growth shown in the recent months continues, it would take just