Thursday, November 26, 03:45 pm IST
| Feedback
Moneycontrol » News Center » Business » Business News
MF Industry AUM declines on market volatility: CRISIL
Published on Mon, Sep 10, 2007 at 19:01   |  Updated at Mon, Sep 10, 2007 at 19:50  |  Source : Moneycontrol.com

For India’s mutual funds (MFs), assets under management (AUM) declined to Rs.4.70 trillion as on August 31, 2007, from Rs.4.88 trillion as on July 31, 2007. CRISIL attributes the reduction in AUM by almost Rs.200 billion (nearly 4 per cent) during the month to the volatility in the domestic equity and fixed income markets. According to Krishnan Sitaraman, Head – Fund Services and Fixed Income Research, CRISIL, “Continued volatility in Indian stock market over the US sub-prime mortgage crisis, and outflows from cash plans due to a rise in call money rates and liquidity concerns, led to the fall in the assets of mutual funds.” 

 


To view the detailed press release click on the attachment.

 

Sourced From: CRISIL Limited

Attachments : crisilmf.pdf

More news from Business
Important Links Today:  Leadership Wall    Chat Calendar    The 10 List   
WHAT OTHERS LIKE
  • Most Read
  • Most Viewed
24 Hours
7 Days
1 Month
NEWS FROM OUR PARTNERS
©Network 18, 2009. All Rights Reserved