HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Monday, May 04, 2009

Asset of mutual fund surges in April 2009

SBI MF records highest inflow

Mutual fund industry has increased its Average Asset Under management (AUM) in April 2009 from March 2009. Association of Mutual Fund of India (AMFI) has released AUM data for April 2009. Till now the data is available for 19 fund houses. The AUM of these fund houses has increased by 15.04% to Rs 1.11 lakh crore in April 2009 compared with Rs 97273.24 crore in March 2009.

Baroda Pioneer Mutual Fund has topped among others by recording AUM growth of 66.25% to Rs 1882.01 crore in April 2009. DBS Chola Mutual Fund followed it by posting a rise of 57.44% in its AUM.

As per asset wise, SBI Mutual Fund recorded its assets to Rs 30875.02 crore in its AUM in April 2009 compared with the month of March 2009. Its AUM has soared by 17.03% in April 2009 over March 2009. DSP BlackRock MF posted its average AUM of Rs 15945.02 crore a rise of 10.63% compared with March 2009 and Deutsche Mutual Fund with an AUM of Rs 11110.79 crore with a rise of 18.77% in April 2009 over March 2009.

Among other mutual funds, HSBC Mutual Fund MF recorded a fall of 2.65% to Rs 9321.28 crore in April 2009. Fidelity MF rose 18.14% to Rs 7292.88 crore and Religare MF has recorded a rise of 20.77% in its AUM to Rs 7273.99 crore in April 2009.

As per data available of 19 fund houses, SBI Mutual Fund recorded the highest inflow in AUM of Rs 4492.33 crore, while HSBC Mutual Fund recorded the highest outflow of Rs 253.91 crore in April 2009.

Reliance, ICICI Prudential, HDFC, UTI, Birla Sun Life MF and others has not yet displayed their AUM data.

Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.