Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of January 2017 has crossed ā¹ 17.83 lakh crore, while the Assets Under Management (AUM) as on January 31, 2017 stood at ā¹17.37 lakh crore The AUM of the Indian MF Industry has grown from ā¹ 3.26 trillion as on 31st March 2007 to ā¹ 17.83 trillion as on 31st January, 2017, a five-fold increase in a span of less than 10 years !! The MF Industryās AUM has more doubled in the last 4 years from ā¹ 5.87 trillion as on 31st March, 2012 to ā¹ 12.33 trillion as on 31st March, 2016 The Industryās AUM had crossed the milestone of ā¹10 Trillion (ā¹10 Lakh Crore) for the first time in May 2014 and in a short span of two years and eight months, the AUM size has crossed ā¹17.37 lakh crore last month. The total number of accounts (or folios as per mutual fund parlance) as on January 31, 2017 stood at 5.38 crore (53.8 million), while the number of folios under Equity, ...