Active equity schemes in November saw their assets under management (AUM) surpass the Rs 20-trillion mark for the first time, bolstered by a buoyant market sentiment. The 8 per cent, or Rs 1.5 trillion, jump in AUM last month mirrored the growth observed in the Nifty 500 index.
There has been a 34 per cent (Rs 5.2 trillion) surge in the assets of active equity schemes since March-end, showed data from the Association of Mutual Funds in India (Amfi).
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This sharp uptick in AUM has been fuelled by a rally in the equity markets after March and a subsequent surge in inflows. In FY24 (until November 30), the key benchmark indices — Nifty50 and Sensex — registered gains of 15.7 per cent
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