Business Daily from THE HINDU group of publications Thursday, Apr 12, 2007 ePaper |
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Markets
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Mutual Funds Our Bureau
Kolkata April 11 Reliance MF, with Rs 46,306 crore under management, has occupied the No. 1 slot among fund houses at the end of March 2007, the latest assets under management (AUM) figures released by the Association of Mutual Funds of India have shown. Reliance MF is followed by ICICI Prudential MF (Rs 37,869 crore), UTI MF (Rs 35,488 crore) and HDFC MF (Rs 28,357 crore). The total size of the funds industry stands at Rs 3,26,328 crore at the close of fiscal 2006-07. Incidentally, considering all the average AUMs for March, the tally stood at Rs 3,60,410 crore. These figures exclude FoF (fund of fund) data. Some of the larger players in the industry are Franklin Templeton MF (Rs 22,018 crore), Birla Sun Life MF (Rs 19,046 crore) and SBI MF (Rs 16,807 crore).
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