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MF industry AUM hits new record high; inching towards INR26t mark

With positive momentum of the last two months intact, the domestic mutual funds (MF) industry created a new record in May'19 — total AUM hit the INR25.9t (+4.6% MoM) mark, surpassing the previous high of INR25.2t in Aug'18. Notably, the MF industry's AUM has surged a staggering 3.9x in the past 10 years (INR6.6t in May'09).