MF's asset growth rate slips to 7-year low as volatility rattles investors

According to experts, the growth in asset base has slowed down because both the debt and equity markets have seen sharp bouts of volatility in recent months

The mutual fund (MF) industry, which had recorded double-digit growth in its asset base for the last several years, saw the same slip to a seven-year low at the end of FY19.

According to data from the Association of Mutual Funds in India (Amfi), the MF industry’s average assets for the March quarter stood at Rs 24.5 trillion, which was 6 per cent higher than the same period in the previous fiscal year. The industry assets have grown at an average of 23 per cent over the past six years. 

According to experts, the growth in asset base has slowed