Under pressure, MFs look for change in new year
While the mutual fund industry assets under management crossed ₹31 lakh crore, MFs continued to reel under record–high redemption pressure in December. What would the new year bring?
AMFI data reveals that industry’s net AUM fell over ₹4.96 lakh crore over February, and down nearly 5% compared to March 2019.
While benchmark indices continue to hit new highs, the jury is divided on the fate of markets in the ensuing year.