‘Note ban’ effect, better marketing and higher distributor commissions spur MFs

Almost a year after demonetisation, mutual fund distributors have reason to rejoice. Retail investors have poured money into mutual funds, and much of this has been routed through distributors. Data from mutual fund industry body AMFI show that total retail assets under management (AUM) grew about 41 per cent year-on-year to ₹4.69-lakh crore as of September 2017. Of this, retail AUM through the di...