Mutual Fund assets surged 12% to record high in Q2
The mutual fund industry’s asset base surged by nearly 12% from the previous quarter to a record high of ₹16.11 lakh crore in the July-September​ period, Association of Mutual Fund Industry's data showed. ICICI Prudential had the highest asset base of ₹2.15 lakh crore (excluding fund of funds) followed by HDFC (₹2.13 lakh crore), and Reliance (₹1.83 lakh crore).