All you need to know about mutual funds last week

, an increase of Rs 3,499.2 crore from November. The assets under management (AUM) of the mutual fund industry stood at Rs 26.5 lakh crore at the end of the calendar year 2019, an increase of 10 percent from the previous year. The AUM of the 44-player industry has more than doubled from Rs 10.5 lakh crore in December 2014.

The mutual fund industry witnessed its highest ever SIP inflows in December at Rs 8,518 crore, a 3 percent increase from Rs 8,273 crore in November. Association of Mutual Funds in India (AMFI) data indicates that mutual funds added an average of 9.55 lakh systematic investment plans or SIPs per month during the financial year 2019-20. The average SIP size stood at about Rs 2,850 per SIP during this period.

UTI Mutual Fund has announced it has recovered Rs 20 crore  from Altico Capital India, as part-payment of its debt investment. Pursuant to the downgrading of securities of Altico Capital in September 2019, certain UTI Mutual Fund schemes marked down their respective exposures to the company by 75 percent. In its press release, the AMC stated that the schemes with exposure to Altico have received and accounted for the part-payment.