India’s PMS Industry AUM rises 2% in July to Rs 44 lakh crore, client base grows 1.3%: APMI

India’s PMS industry expanded in July, with AUM rising 2% month-on-month to Rs 44.11 lakh crore and clients increasing 1.3% to 2.23 lakh. Annual growth stood near 11%, while strong inflows, expanding distributors and domestic investors supported continued industry growth.