Amfi sees equity MFs touching Rs 10 tln in two years

The equity-linked assets portfolio of mutual funds is likely to jump to Rs 10 trillion in the next couple of years from the present Rs 6.4 trillion, a top Amfi official said.

The overall folio number of the industry is likely to increase to 10 crore in next two years' time, said the official of the Amfi or the Association of Mutual Funds of India that represents 43 fund houses.

"At present, the total equity AUM stands at Rs 6.4 trillion which is likely to go up to Rs 10 trillion over next two years," Amfi chairman and chief executive of Birla SunLife Mutual Fund A Balasubramanian told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)