Mutual fund industry has reversed back to record a fall in growth in its Average Asset Under management (AUM) in March 2009 from February 2009. Association of Mutual Fund of India (AMFI) has released AUM data for March 2009. Till now the data is available for 33 fund houses. The AUM has plunged by 1.54% to Rs 4.87 lakh crore in March 2009 compared with Rs 4.94 lakh crore in February 2009 excluding Edelweiss Mutual Fund and Fidelity Mutual Fund. Baroda Pioneer Mutual Fund has topped among others by recording AUM growth of 30.90% to 1132.01 lakh crore in March 2009. Religare Mutual Fund followed it by posting a rise of 11.05% in its AUM.
As per asset wise, Reliance Mutual fund continued to be in the first position to Rs 80962.94 crore in its AUM in March 2009 compared with the month of February 2009. However, its AUM has dropped by 0.81% in March 2009 over February 2009. HDFC MF retained second position with the average AUM of Rs 57956.45 crore a rise of 1.92% compared with the month of February 2009 and ICICI Mutual Fund with an AUM of Rs 51432.50 crore with a fall of 3.89% in March 2009 over February 2009. The other top mutual funds, in terms of AUM included UTI MF recording a fall of 0.96% to Rs 48754.17 crore in March 2009. Birla Sun Life MF has recorded a drop of 3.01% in its AUM to Rs 47096.23 crore and SBI MF also plunged 4.50% to Rs 26382.68 crore. HDFC Mutual Fund recorded the highest inflow in AUM of Rs 1092.06 crore, while Tata MF recorded the highest outflow of Rs 2269.87 crore in March 2009. -- Posted By finpower to FinPower<http://finpower.blogspot.com/2009/04/mfs-aum-falls-in-march-2009.html>at 4/02/2009 01:03:00 AM --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
