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MF assets rise to record highs in January
Why is it in the news?
- The average assets under management of mutual funds hit an all-time high of ₹28.18 lakh crore in January.
- Flows into debt funds increased significantly, while mid-cap and small-cap funds saw a revival in investor interest.
More in the news
- Assets under management (AUM):
(1) AUM is the overall market value of assets/capital that a mutual fund holds.
(2) The fund manager manages these assets and takes investment decisions on behalf of investors.
(3) AUM is an indicator of the size and success of a fund house.
Source
The Hindu.