LIC Nomura MF targets assets of Rs. 100 billion in FY14

India Infoline News Service | Mumbai |

In April, LIC Nomura Mutual Fund had said that it aims to increase its average AUM to Rs. 200 billion in the current fiscal

LIC Nomura Mutual Fund aims to achieve Rs. 100 billion of assets under management (AUM) this financial year on the back of the good performance in its debt schemes, according to a media report.

The fund house said that its outflows from the equity schemes of the company were not significant, the report added.

For FY12-13, the AMC reported an AUM of Rs. 71 billion against the target of Rs. 100 billion set by it for this period. The fund house, which had reported losses in FY11 and FY12, hopes to record profit in 2012-13.

In April, LIC Nomura Mutual Fund had said that it aims to increase its average AUM to Rs. 200 billion in the current fiscal by launching a host of new schemes in the debt and equity space.
 

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