Mutual Funds
Indian Mutual Fund Industry midway to the target of Rs 100 lakh crore AUM
According to ICRA, the AUM of the Indian mutual fund industry grew by nearly 19 per cent to touch Rs 46.63 lakh crore as on August 31, up from Rs. 39.33 lakh crore as on August 31, 2022.
Mutual funds increase weightage in technology, metals, consumer durables sectors
Conversely, private banks, PSU banks, oil and gas, consumer, and NBFCs saw a MoM moderation in weights.
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