Monday, November 29, 1999

Mutual fund industry AUM up 2.9 pct

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After a dry March, the fund industry has a much better report for April.The average monthly assets managed by domestic mutual funds rose 2.89 percent to Rs 7.7 trillion in April, data from the Association of Mutual Funds in India (AMFI) showed.The assets had fallen 4.4 percent to Rs 7.5 trillion in March. The following table shows mutual funds' average assets in billions of rupees and growth over various time periods:Top funds:RelianceICICI PrudentialUTIBirla Sun LifeSBIFranklin TempletonKotak MahindraIDFCTataDSP BlackRockSundaram BNP ParibasReligareDeutscheCanara RobecoJM FinancialFidelityPRINCIPALFortisHSBCBaroda PioneerL&TJPMorganAxisTaurusMorgan StanleyBenchmarkINGAIG Global Invest GroupSaharaBharti AXAPeerlessMirae AssetShinseiEdelweissEscortsQuantum

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