The mutual fund industry’s AUM reached a record Rs 66.70 lakh crore, driven by net inflows and equity market gains. Growth/equity schemes hit an all-time high of Rs 30.09 lakh crore. Sectoral/thematic funds saw the highest inflows, largely from new fund offers.
Mcap of nine of top-10 most valued firms surges by Rs 2.34 lakh crore; Reliance biggest gainer
Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer,