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Thursday, October 01, 2009

Average asset of 11 MFs slips 2% in September 2009

AAUM of Religare MF plunged by 6%

The average asset under management (AAUM) of 11 fund houses out of 36 fund houses declared at Association of Mutual Funds in India (Amfi) site recorded a fall of 2.06% in the month of September 2009 over August 2009. The data for 11 fund houses have stated an average AUM of Rs 243226.94 crore.

Among the 11 fund houses the AAUM of Taurus MF has register a rise of Rs 25.2% in the month of September 2009 over August 2009. AAUM of Benchmark MF and SBI MF grew 12.9% and 2.4% in September 2009. Eight out of eleven fund houses posted a decline in AAUM. Religare MF recorded a fall of 6% in AAUM, followed by Deutsche MF at 5.2%. Average asset of Canara Robeco MF and HDFC MF fell 3.7% each.

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