Mutual funds' asset base rises to `22.23 lakh cr till October-end

NEW DELHI: Mutual funds' asset base rose to Rs 22.23 lakh crore by October-end, a slight increase of 1 per cent from the preceding month, as the industry showed resilience despite the recent market events like IL&FS default.

According to Amfi data, the asset under management (AUM) of the industry, comprising 42 players, was Rs 22.04 lakh crore at the end of September.

The total asset base of all the fund houses put together was Rs 21.41 lakh crore in October last year.

"The industry showed resilience despite recent market events and the ensuing volatility in both debt and equity segments," Amfi said.