Asset Base Of Mutual Fund Industry Grew By 7.32 Pc

Mumbai: The asset base of the mutual fund industry grew by 7.32 per cent during April, the first month of the current fiscal. It increased by Rs 38,744.91 crore in April, according to the data released by the Association of Mutual Funds in India (AMFI). The MF industry now has Rs 5,67,601.98 crore of assets under management, against Rs 5,28,857.07 crore at March end. The most banks had drew their money in March and that money came back in April.