MFs add Rs 3 trillion to assets base in 2018; more traction seen in 2019

The industry had seen a surge of 32% in the AUM or addition of over Rs 5.4 trillion in 2017

Mutual funds have added a whopping Rs 3 trillion to their asset base in 2018. This uptrend may continue in the New Year as there is likely to be consistent rise in the systematic investment plan (SIP) flows as well as strong participation from retail investors despite volatile markets.

The asset under management (AUM) of the industry rose by 13 per cent to Rs 24 trillion in 2018 by November-end itself, up from Rs 21.26 trillion at the end of December 2017, data available with the Association of Mutual Funds in India (Amfi) showed.

The investor count is also estimated to have