MUMBAI: Continued volatility in Indian stock markets over the US subprime mortgage crisis all through August has led to a fall in assets of mutual funds in the country by over Rs 18,500 crore during the month.
The total Assets under Management (AUM) of 32 fund houses have decreased to Rs 4,67,623.44 crore from Rs 4,86,129.22 crore in July, latest data from Association of Mutual Funds in India showed.
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Wednesday, September 5, 2007
MFs witness Rs 18,500-cr dip in Assets under Management
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