Average AUM of 21 MFs surge 2% in October 2009

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Updated: 03/11/2009 | 12:00 AM IST

Mutual fund

Capital Market

Tuesday, November 03, 2009 (New Delhi)

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The average asset under management (AAUM) of 21 fund houses out of 37 fund houses declared at Association of Mutual Funds in India (Amfi) site recorded a rise of 2.28% in the month of October 2009 over September 2009. The data for 21 fund houses have posted an average AUM of Rs 241845.70 crore.

Among these fund houses, the AAUM of Shinsei MF has registered highest rise of 142.60% in the month of October 2009 over September 2009. AAUM of Sahara MF and Taurus MF grew 55.08% and 40.03%, respectively in October 2009. AIG Global Investment Group Mutual Fund grew 20.48% in AAUM.

While assets of six fund houses have posted negative growth in their AAUM till now. Fortis MF and Baroda Pioneer MF posted a decline of 5.98% and 18.30%, respectively. Fidelity Mutual Fund, Religare Mutual Fund, Deutsche Mutual Fund, and LIC Mutual Fund have recorded fall in their average assets in October 2009.

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