![India](https://i0.wp.com/fintk2.com/wp-content/uploads/2016/08/India.jpg?resize=600%2C381&ssl=1)
Enthusiastic retail investors and the popularity of Systematic Investment Plans helped lift the asset base of India’s equity mutual funds to a record 4.5 lakh crore rupees at the end of July. Low interest rates at banks are also credited for the gain.