Improved Indian share
market sentiments helped the mutual fund’s (MFs) assets under management (AUM)
soar by. Rs 80,000 crore or / 9 % to Rs 9.85 lakh crore in Q1FY15 on sequential
basis.
However, AUM had
touched a record Rs. 10.11 lakh crore at the end of May, 2014. During the
quarter, BSE mid-cap grew 32 %, while BSE 100 accelerated 15 % and benchmark
Sensex moved up by over 13 %.
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