During the May
(2014) month, the benchmark BSE Sensex
grew nearly 1,800 points or eight percent.
Mutual Funds AUM (Asset Under Management)
touches record-high of Rs. 10 lakh crore in May, 2014.
The mutual fund
industry's assets under management have crossed Rs. 10 lakh crore mark in May
on the back of strong capital inflows and a surge in equity markets.
The AUM of mutual
funds rose to Rs. 10.11 lakh crore in May from Rs. 9.45 lakh crore in April, a
growth of 7%, according to the data available with capital market regulator
SEBI.
This was also the
third consecutive monthly increase in AUM of country's 45 fund houses. These fund houses together managed assets
worth Rs. 8.25 lakh crore and Rs. 8.13 lakh crore in March and February, 2014.
The figure stood at Rs 8.26 lakh crore in January.
No comments:
Post a Comment