As of January-end, over 40 fund houses in the country together had an average AUM of Rs 12,73,714 crore as against Rs 12,74,835 crore in the preceding month, the latest data of the Association of Mutual Funds in India (AMFI) showed.

The industry's AUM was at Rs 12.95 lakh crore in November, while it had touched an all time high of Rs 13.24 lakh crore in October. In comparison, the assets base stood at Rs 11.87 lakh crore in September.

Overall inflow in mutual fund schemes was at Rs 22,569 crore at the end of last month, compared with an outflow of Rs 22,567 crore at December-end.

Industry experts said the quarterly decline in assets under management (AUM) is largely on account of slowdown in inflows in equity and equity linked saving schemes.

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