AMFI reports 1.9% fall in asset base for Dec 2019
Jan 08 2020
News Category: Industry Update
Association of Mutual Fund in India (AMFI) reported data for Dec 2019 with the asset under management (AUM) of the mutual fund industry declining 1.9% from Rs. 27.05 lakh crore in Nov 2019 to Rs. 26.54 lakh crore in the last month of the calendar year. The industry registered net outflow of Rs. 0.62 lakh crore during the month, which was majorly due to massive outflows from liquid and overnight funds under debt-oriented schemes. Liquid and overnight funds accounted for consolidated outflow of Rs. 0.80 lakh crore in the month.