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Millennium Post

MF asset base may rise to `20 tn in next 4-5 years

Industry body AMFI says total asset base of mutual funds could reach Rs 20 trillion in the next 4-5 years from about Rs 9.85 trillion currently. There is huge scope for expanding the reach of mutual funds and channelising household savings into them.

‘Mutual fund industry may see its assets under management growing to Rs 20 lakh crore in the next 4-5 years,’ Association of Mutual Funds in India Chairman Sundeep Sikka said.
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