Mutual fund industry asset base rises by Rs two-trillion in 2012

Dec 28 2012, 14:27 IST
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Mutual funds assets base seen nearing Rs 8 trillion with an increase of about Rs two trillion this year.  (Reuters) Mutual funds assets base seen nearing Rs 8 trillion with an increase of about Rs two trillion this year. (Reuters)
SummaryAfter 2 years of decline, mutual fund industry managed to register a smart turnover.

not to the asset management company (AMC), as is the practice at present.

Although, fund houses would be able to charge their investors a little bit more as incentive for expanding to small cities, but they would also have to set aside a small portion of their assets for investor education and awareness.

Speaking about the next year, Balasubramanian said, "On the basis of change in fundamentals, opportunities would arise from sectors in telecom, power and Industrials as we move into the year 2013."

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