- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Badminton Federation of India (BAI) on Tuesday announced the cash reward of Rs 50 lakh for
- Laver Cup: Tiafoe upsets Medvedev, Alcaraz pulls Team Europe level with Team World
- Cincinnati Open: Tiafoe, Hurkacz, Rune and Draper in the quarters
- Paris Olympics: Abhinav Bindra 'completely gutted' after Vinesh Phogat's disqualification
- Paris Olympics: USA, China in Top-2, India slip to 60th
- Paris Olympics, Medal Tally: USA jump to top, China slip to 2nd; India on 57th
Indian mutual fund industry soon to touch Rs 20 lakh crore Last Updated : 04 Jan 2017 02:49:10 PM IST (File Photo)
The assets under management (AUM) of the Indian mutual industry are expected to touch Rs 20 lakh crore soon, said a top official of Reliance Nippon Life Asset Management Ltd. (Reliance Mutual Fund).
The AUM of the mutual fund industry touches Rs 16.93 lakh crore at the end of quarter October-December 2016, up from Rs 16.10 lakh crore at the end of the previous quarter July-September 2016.
"As more and more money enters the banking system, we see a clear surge in investments within capital markets, especially MF (mutual funds) and debt instruments. We are quite confident of the MF industry touching Rs 20 lakh crore sooner than expected," said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.
According to him, Reliance Mutual Fund outperformed the industry, adding Rs 12,717 crore to its AUM during October-December 2016 and narrowing the gap between itself and the two other top players-ICICI Prudential Mutual Fund and HDFC Mutual Fund.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186