“As we approach the end of another remarkable year, it’s time to celebrate the positive growth and success of the Mutual Fund Industry. The AUM has been increasing steadily, reflecting the growing trust and confidence of investors. The overall AUM stands at 49,04,992.39 crores in November 2023. We believe this trend will continue through December as well and the numbers will continue to remain positive,” said NS Venkatesh, CEO, Association of Mutual Funds in India (AMFI).