Assets of MFs cross Rs10 trillion-mark in May

India Infoline News Service | Mumbai |

The assets of mutual funds rose by 22.5% to Rs. 1.85 trillion over the last two months

On account of fresh inflows and sharp rally in equity markets, the assets under management of mutual funds rose 7% to Rs. 10.11 trillion in May 2014 from Rs. 9.45 trillion in April 2014.
The assets of mutual funds rose by 22.5% to Rs. 1.85 trillion over the last two months, according to SEBI (Securities and Exchange Board of India) data.
HDFC Mutual Fund stood first in terms of AUM in the quarter ended March 2014, followed by ICICI Prudential and Reliance Mutual Fund.
 

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