Entry load abolition will benefit MF industry: Religare AMC

Private sector mutual fund house
Religare AMC, a relatively new but fast-growing player, on Thursday
said that abolition of entry load charged to investors will
benefit the company and the industry as a whole.

AuM of MF industry grows 3% in July

The mutual fund industry saw its AuM rising by nearly 3% in July and the country`s second largest fund house, HDFC MF, gained the maximum.