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Mumbai:
The Indian mutual fund industry crossed yet another
landmark at the end of August, with total assets under
management (AuM) crossing the Rs300,000 crore-mark for
the first time.
Total
AuM of the industry amounted to Rs3,06,991 crore in
August, according to the Association of Mutual Funds
in India (AMFI). Interestingly, UTI Mutual Fund managed
to get back the top from where it had been it had been
dislodged by ICICI Mutual Fund in May.
UTI
MF's AuM rose by 13.1 per cent (orRs4,069 crore) in
August, touching Rs35,027 crore. ICICI MF saw an 8.5
per cent AuM growth, which went up to Rs34,118 crore.
Total
AuMs expanded by Rs16,565 crore during the month, as
the equity markets rallied and several investors ploughed
money into fixed maturity plans. The Sensex gained by
nearly nine per | 
