Top Indian mutual fund gainers in February

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The average monthly assets managed by domestic mutual funds rose 2.6% to Rs 7.8 trillion in February, data from the Association of Mutual Funds in India showed on Wednesday.

The assets had dropped 4.14% to Rs 7.6 trillion in January.

Here are some of the top gainers for the month of February

* AIG World Gold leads stock funds - A globally-focussed fund managed by AIG Global Asset Management was the top performer among India-registered equity funds in February, data from Thomson Reuters fund research firm Lipper showed.

AIG World Gold returned 5.06 over the month, beating an average 0.14% loss for India-registered equity funds tracked by Lipper.

* Reliance leads mixed asset funds - An India-focussed fund managed by Reliance Capital Asset Management was the top performer among India-registered mixed asset funds in February.

Reliance Regular Savings returned 3.53% over the month, beating an average 0.05% loss for India-registered mixed asset funds tracked by Lipper.

* Baroda Pioneer Income leads bond funds - An India-focussed fund managed by Baroda Pioneer Asset Management was the top performer among India-registered open-end bond funds in February.

Baroda Pioneer Income returned 0.66% over the month, beating an average 0.09% gain for India-registered fixed income funds tracked by Lipper.

Lipper, a Thomson Reuters company, is a fund research and analysis organisation, providing independent insight on global collective investment including mutual funds, retirement funds, hedge funds, fund fees and fund expenses to the asset management and media communities.

Lipper data covers 196,000 share classes and more than 108,000 funds in 57 registered-for-sale universes. It provides the free Lipper Leader ratings for mutual funds registered for sale in 27 countries. Additional information is available at www.lipperweb.com.