The domestic mutual fund (MF) industry has grown 5.91 per cent in November with its average assets under management (AAUM) at Rs 8.07 lakh crore. In October, the AAUM of the industry stood at Rs 7.62 lakh crore.
As per the statistics available from the Association of Mutual Funds in India, of the 37 fund houses, 7 reported a decline in AAUM in November. These include Sundaram BNP Paribas, AIG Global Investment, Baroda Pioneer, ING, JP Morgan, Morgan Stanley and Fidelity.
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