The industry, comprising 42 active players, had an average assets under management of over Rs 15.2 lakh crore at July-end, which was also the previous high figure, the latest data of the Association of Mutual Funds in India (AMFI) showed.
Industry experts attributed the monthly rise in assets base to inflows in income and equity categories.
Besides, buoyant investor sentiment also helped in the growth of the assets under management, they added.
Overall inflow in mutual fund schemes stood at Rs 25,332 crore at the end of last month compared with an inflow of Rs 1.03 lakh crore at July-end.
However, liquid fund witnessed a pull out of over Rs 13,000 crore during the period under review.
Mutual Funds are investment vehicles made up of a pool of funds collected from a large number of investors and invest in stocks, bonds and money market instruments, among others.
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