GSSSB Additional Assistant Engineer Call Letter 2017 Out
Assets being managed by Mutual Funds are scaling new highs every month with the total assets under management (AUM) by the 42 SEBI registered “Asset Management Companies” in India growing at a rapid pace since 2014. Investments in MFs have seen a robust growth of 22-28 percent per annum and at the close of the calendar year 2016, the total AUM was around Rs 17, 00, 000 crore, with the 2016 figures swelling by about Rs 4,00,000 crore, the highest since 2009.According to industry leader AMFI, the Average Assets under Management (AAUM) in the country at the end of July 2017 was at Rs20.42 lakh crore while Assets under Management (AUM) were placed at Rs19.97 lakh crore. AMFI is a non- profit organization committed to the growth of the mutual fund industry in India in addition to protecting the interests of mutual funds and investors alike. It is an association of all SEBI registered mutual funds in India and its members include all Asset Management Companies listed with the market regulator, SEBI. There are a wide range of Mutual Funds that cater to the diverse requirements of investors. However, all the funds generally invest in equities, commodities, Government/ corporate debt or money market instruments with some of the funds also participating in the International equities and debt markets.
Advt. No. 100/2016-17
Exam Date: 17-09-2017
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