Monday, June 1, 2009

Reliance MF Be Pleased About 1 Lakh Crore Stain - June 01, 2009

Association of Mutual Fund of India (AMFI) has started to release the data of Average Asset Under management (AUM) of the mutual fund for the month of May 2009. Till now the data is available for only 3 fund houses. AUM of Reliance MF jumped 16.23% in May 2009 over April 2009, as per AUM data released today.

Reliance MF has crossed AUM of Rs 1 lakh crore that reached to Rs 1,02,730.16 crore in May 2009 from Rs 88,387.99 crore in April 2009.

AUM of Baroda Pioneer Mutual Fund soared by 85.09% to Rs 3483.36 crore in May from Rs 1882.01 crore in April 2009. Edelweiss Mutual Fund showed a rise of 41.61% in its average assets to Rs 20.63 crore in May from Rs 14.27 crore in April 2009.

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