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The surge in asset base comes on the back of excellent stock market performances over the last 3 months, with Nifty 50 rising by 3.15 per cent in October, 12.02 per cent in November and 14.9 per cent in December

The industry raised Rs 7,800 crore through the SIP route last month, compared with Rs 7,788 crore garnered in September, data from Amfi showed

In comparison, investors had infused Rs 172 crore in this asset class in July-September 2019