Mutual Fund industry increased assets 6 percent to Rs 7.43 lakh crore in June qtr

After 2 quarters of decrease,the average assets maintained through the MF industry increased by six percent to Rs 7.43 lakh-crore, at the same time the nation’s biggest fund house Reliance mutual fund witnessed a fall in its AUM.

The-industry including forty three active players saw an increase in their average-assets under management (AUM) through Rs 42,546 cr or 6.07 percent, according to the information provided by industry body Association-of-Mutual Fund Industry (AMFI).

The mixed average AUM of the forty three fund houses was standing at Rs 7,43,083.91 cr after June 2011, decrease from Rs 7,00,537.7 cr in end March.

At the-end of June, the AUM of-the biggest mutual fund in India Reliance mutual fund saw a drop of Rs 317 cr to Rs 1,01,259.33 cr.

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