Business Daily from THE HINDU group of publications Saturday, Jul 08, 2006 |
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Markets
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Mutual Funds Nilanjan Dey
Kolkata , July 7 While investors would invariably focus on the asset loss suffered by largest players, the end-June AMFI numbers also bring their smallest counterparts to the fore. Their AUMs too have reduced, a trend that has underscored their relatively diminutive size even more acutely. Escorts MF, for instance, has shrunk from Rs 124 crore in May to Rs 107 crore in June, while Sahara MF decreased from Rs 205 crore to Rs 187 crore. A third fund house, Taurus MF, has seen a scale-down from Rs 220 crore to Rs 199 crore between these days. The smallest of the lot, newcomer Quantum MF, has dropped from Rs 30 crore to Rs 25 crore or so, while the Bank of Baroda-promoted asset management company has witnessed a reduction from Rs 229 crore to Rs 161 crore.
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