Maharashtra Tops List Of States With Maximum Average AUM: AMFI

According to Association of Mutual Funds of India’s (AMFI) statistics, Maharashtra tops the chart for state with the maximum penetration and Assets Under Management (AUM). Also, as per August, average assets under management (AUM) of mutual funds rose to an all-time high of Rs 25.2 lakh crore across the country.
For Maharashtra, it touched Rs 10.35 lakh crore, about 41.1% of the all-India total. It is followed by Delhi having Rs 2.35 lakh crore and Karnataka having Rs 1.76 lakh crore.
Source- DD News

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Association of Mutual Funds of Indian (AMFI) Headquarters in Mumbai.
  • A. Balasubramanian is the present Chairman of AMFI.