Helped by buoyant investor sentiments, domestic Mutual Fund industry's asset under management surged 7% to cross the Rs 13 trillion mark for the quarter ended September 2015, rating agency Crisil said.
Driven by rise in equity and debt-oriented funds, the industry added Rs 872.39 billion to end with average assets worth Rs 13.16 trillion, during the July-September period.
This is the eighth consecutive quarter rise in AUM for MF industry.
"The domestic MF industry crossed yet another milestone, after its average AUM crossed the Rs 13 trillion-mark in the quarter ended September 2015," Crisil said in its latest report.
"The industry recorded the largest absolute gain in assets, ever since the Association of Mutual Funds in India (AMFI) started declaring quarterly average AUM data in September 2010," it noted.
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