Indian fund managers are a worried a lot these days, as a series of regulatory measures -- some old, and some very recent -- are weighing strongly on asset growth even while promising to support the domestic mutual fund industry in the long run.
It hasn't been an encouraging start to the new year, as the industry's average monthly asset base shrunk about 4% month-on-month to INR7.62 trillion ($163 billion) in January -- the sharpest decline in 13 months.
Testing times for mutual fund industry
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