MF asset base touches fresh high of Rs. 11 lakh cr in Oct…

The mutual fund industry’s assets under management (AUM) climbed to record high of nearly Rs. 11 lakh crore in October on the back of strong capital inflows and surge in equity markets.

The country’s 45 fund houses together had an average AUM of Rs. 10,95,653 crore at the end of October 31, 2014, up from Rs. 9,59,415 crore in the preceding month, according to the data by Association of Mutual…