Bsc magazine

Bsc magazine

Bsc Magazines published this article capitalMarket page no 15
Bsc MagazinesThe stock market has been volatile in the past couple of months but the mutual fund industry continues to scale new highs. In Aug the last month for which data is available average assets under management (AUM) of mutual fund rose to an all time high Of 225.2 lakh cr show numbers from the Association of Mutual Funds of India (AMFI). Maharashtra continues to be the state with the maximum penetration and assets under management, in line with it being one of the richest states in the country. In Aug. average assets under management from Maharashtra touched 210.35 lakh cr about 41.1 per cent of the all India total. Maharashtra was followed by Delhi which boasted of assets worth 22.35 lakh cr that is being managed by the mutual fund industry. Karnataka with 21.76 lakh cr, Gujarat with 21.62 lakh cr and West Bengal with 21.29 lakh cr make up the top five subscribe bsc4successcurrent affairs.

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