MF’s AUM rise 9% to breach Rs 7 lakh cr

by khalid on 03/09/2009 · 0 comments

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Indian MF’s assets under management (AUM) breached Rs 7 lakh crore-mark in August 09, with the country’s largest fund house Reliance MF maintaining its top position with an average assets under management (AUM) of over Rs 1.17 lakh crore.

In August 09, AUM of MF Industry grew by Rs 59,965.79 crore, or 8.69 per cent, which analysts believe was mainly propelled by the inflow into the fixed income plans.

There are 36 fund houses in the country and their combined AUM hit the historic Rs seven lakh crore-mark exactly at Rs 7,49,911.91 crore, in Aug 09. according to the data released by Association of Mutual Funds in India (AMFI). The combined AUM was Rs 6,89,946.12 crore at the end of July 09.

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