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Riding on equity schemes, mutual fund assets cross Rs 50 lakh crore in December | Business News

Mutual fund industry’s assets under management (AUM) crossed Rs 50 lakh crore for the first time ever in December 2023, reflecting the growing popularity of mutual funds, especially equity-oriented schemes, as an investment avenue among investors. The industry’s net AUM rose to Rs 50.77 lakh crore in December 2023 from Rs 49.05 lakh crore in November 2023, the data from …

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