Mutual fund AUM to surpass Rs 100 lakh crore mark in 2-3 years: ICRA

The Indian mutual fund industry is on track to surpass Rs 100 lakh crore AUM in the next few years. AUM grew by 38% to reach Rs 61.16 lakh crore. Equity funds and sectoral/thematic funds experienced significant inflows. Investors are advised to understand sectoral funds before investing.
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