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Association of Mutual Fund in India (AMFI) reported data for Dec 2018 with the asset under management (AUM) of the mutual fund industry declining 4.9% from Rs. 24.03 lakh crore in Nov 2018 to Rs. 22.86 lakh crore. The industry suffered the drop due to net outflow of Rs. 1.37 lakh crore, which was majorly due to high outflow from liquid schemes. However, equity and equity linked savings funds witnessed inflow of Rs. 6,606 crore during the month.