Positive trend in the fund AUM rose 14% to Rs 37.75 lakh crore in the June quarter

Despite the global slowdown, FII's exit, and the downturn in equities

Despite the global slowdown, continued exit by foreign investors and declining equity, the flow of investment by domestic investors has continued, leading to a positive trend in mutual funds with AUM growing by 14 per cent to Rs 37.75 lakh crore in the June quarter.Despite the global slowdown, continued exit by foreign investors and declining equity, the flow of investment by domestic investors has continued,leading to a positive trend in mutual funds with AUM growing by 14 per cent to Rs 37.75 lakh crore in the June quarter.

SEBI has stopped launching NFOs until new systems related to pool accounts are decided and the regulator has set a July 1 deadline for implementation of the new system. AUM reflects the growing confidence of investors as well as the essential financial inclusion service that the industry provides.

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