Mutual Funds add Rs 4-trillion to kitty in 2016, eyes Rs 20-trillion mark in 2017
Helped by growing interest from retail investors and aggressive buying of stocks, mutual fund industry grew at a rapid pace in 2016 with addition of almost Rs 4 lakh crore, or 28 percent, to its asset base and is looking to cross Rs 20-trillion mark in the new year.
Dec 20, 2016, 13:50 PM IST