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Monday, August 03, 2009

MFs record 6% growth in AAUM

Considering the data of 10 fund houses

The average asset under management (AAUM) of 10 fund houses out of 36 fund houses declared at Amfi site recorded a growth of 5.65% in the month of July 09 over June 2009. The data for 10 fund houses declared so far have registered an AAUM of Rs 88139.7 crore.

Among the 10 fund houses the AAUM of JP Morgan MF has register a fall of Rs 65.9 crore in the month of July 2009 over June 09.While all other 9 fund houses posted a rise in AAUM. Religare MF recorded the highest m-o-m growth of 22% in AAUM, followed by Fortis MF at 10%. The all big fund houses have yet to declare their AAUM.

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