India Mutual Funds Oct Assets Under Management +2.6% On Month
MUMBAI -(Dow Jones)- The value of assets managed by Indian mutual funds grew
2.6% in October from a month earlier, after a 0.9% fall in September.
Mutual funds' total assets under management rose to INR7.63 trillion (about $
162.16 billion) in October from INR7.43 trillion in September, according to data
issued Wednesday by the Association of Mutual Funds in India.
The Bombay Stock Exchange's benchmark Sensitive Index slid 7.2% in October,
limiting its gains to about 65% in the first 10 months of 2009.
The 30-stock index had plunged more than 53% in 2008.
-By Shikhar Balwani; Dow Jones Newswires; +91 22 6145 6123; shikhar.balwani@
dowjones.com
(END) Dow Jones Newswires
11-04-090659ET
Copyright (c) 2009 Dow Jones & Company, Inc.
|