Hindusthan Samachar
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Asset Under Management increases by 11.41 percent in present fiscal

By HindusthanSamachar | Publish Date: Apr 11 2019 6:12PM
Asset Under Management increases by 11.41 percent in present fiscal
New Delhi, Apr. 11(HS): According to industry data released on Wednesday, the growth of 11.41 per cent is noticed in AUM (Assets Under Management) in the financial year 2018-19 over previous year. At the end of financial year 2018-19, the total assets under management are Rs. 23.80 lakh crore whereas the same were Rs.21.36 lakh crore in financial year 2017-18.The rating agency ICRA mentioned that the net inflow in equity and income categories during march 2019 has led to growth in AUM. This rise was due to rate cuts and investment in tax saving schemes at the year end. Assets Under Management under equity, balanced and other exchange traded funds have increased by 9.05 percent to Rs. 11.55 lakh crore in March 2019, while the other categories accounted for remaining AUM.Hindusthan Samachar/Bharati/Pramod \
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