CRISIL Research released its note on mutual fund (MF) average - TopicsExpress

CRISIL Research released its note on mutual fund (MF) average Assets Under Management (AUM) for quarter ended Jun-13: goo.gl/Q5H6u -Indian MF average AUM rose to a new high of Rs 8.47 trillion up 3.68% over previous quarter, led by heavy inflows into debt MFs on the back of interest rate cuts by the RBI. -Average AUM of long-term debt funds rose to Rs 1.12 trillion – the first time the category has crossed Rs 1 trillion mark. -Equity MFs average AUM fell for the sixth quarter led by heavy outflows despite mark to market gains seen during the quarter.

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