Mutual Funds Industry Saw Surge In May 2021, Says Report

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Mutual funds industry grew in May 2021 in terms of asset management

The Association of Mutual Funds of India (AMFI) has said that local mutual funds industry grew from Rs 32.43 lakh crore in April 2021 to Rs 32.99 lakh crore in May 2021 in terms total asset under management.

According to the monthly data released by the association, fund mobilisation stood at Rs 1,98,000 crore in May 2021, compared Rs 2,50,000 crore in April 2021.

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