Mutual Funds Asset Base Drops 2% to Rs 12.95 Lakh Crore in November

New Delhi: The asset base of country's mutual fund industry declined by more than 2 per cent to Rs 12.95 lakh crore in November due to outflow from liquid or money market segment.   India's 44 fund houses together had average asset under management (AUM) of Rs 13.24 lakh crore in October, which was the all-time high, the latest data of Association of Mutual Funds in India (AMFI) showed.   Industry experts said the decline in monthly ...