Average assets under management for June have fallen more than 16% to Rs 6.7 lakh crore, The Association of Mutual Funds in India (AMFI) said.
Reliance Mutual Funds' average AUM is down nearly 15% to around Rs 1 lakh crore month-on-month.
HDFC Mutual Fund's AUM also fell 14.9% at Rs 86,648 crore while UTI Mutual Fund saw a drop of 18% at Rs 64,445 crore. MoM.
Kotak Mutual Fund saw a drop of 29.8% at Rs 28,540 crore.
Birla Sun Life Mutual Fund's AUM fell 14.5% at Rs 63,111 crore, SBI Mutual Fund saw a 6.9% dip at Rs 33,727 crore, LIC Mutual Fund dropped 22.8% at Rs 30,049 crore, and DSP BlackRock fell marginally by 2.1% at Rs 21,415 crore.
Source: http://www.moneycontrol.com/news/mf-news/aum-fall-more-than-16-to-rs-67l-crjune-amfi_467579.html
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1 comment:
AMFI is not at all doing its job of promoting MF as a good investment avenue. SEBI / AMFI do not have any idea about this.
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