Falling market and redemption pressure pull down AUMs
Total asset under management (AUM) of equity mutual funds (MFs) in October 2009 stood at Rs203,826 crore, 4.3% lower than that in September 2009. On adjusting for net inflows/outflows, the same declined by 3.2%, which was better than the market decline of 7.2% in the same period.
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