Assets of the mutual fund industry have touched an all time high of Rs 7.62 lakh crore, while country's largest fund house Reliance MF witnessed a decline of over Rs 1,400 crore in its average assets under management (AUM) at the end of October.
The industry's average AUM grew by Rs 19,391 crore, or 2.61 per cent, in October which analysts believe was mainly on the back of increased inflows in fixed income plans.
The combined average AUM of the 39 fund houses hit the historic Rs 7,62,301.82 crore mark at the end of October, the data by Association of Mutual Funds in India (AMFI) showed.
Wednesday, November 4, 2009
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