The assets under management of mutual funds in the country have increased to Rs eight lakh crore at the end of November, mainly propelled by bulk inflow into debt schemes.The industry's average AUM (Asset Under Management) grew by Rs 45,071 crore, or 5.91 per cent, in November.
The combined average AUM of the 37 fund houses hit a historic high of Rs 8,07,546.39 crore at the end of November, the data by Association of Mutual Funds in India (AMFI) showed.
Wednesday, December 2, 2009
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