Data from AMFI showed that assets under management (AUM) for this category surged to ₹1.56 lakh crore as of October end from ₹93,038 crore, adding more than a million new folios over the year. By contrast, aggressive hybrid funds that allocate 65-75% to equities saw their assets climb from ₹1.18 lakh crore to ₹1.46 lakh crore.