Riding on fresh inflows to -linked Mutual Funds and increasing net asset value, overall assets under management (AUM) for mutual funds (MFs) in Gujarat increased by Rs 55,201 crore in just eleven months. With this, total AUM for MFs in Gujarat breached the Rs 2.5 lakh crore-mark to touch Rs 2.57 lakh crore in September 2021, according to data by Association of Mutual Funds in India (AMFI).
In Gujarat, overall AUM breached the Rs 2 lakh crore mark in November 2020. Since then, AUM for equity MFs alone increased by Rs 44,440.65 crore, driven by sustained SIP inflows, and fresh inflows by investors drawn lured by attractive returns.