AUMs dip in March as banks redeem money
April 1st, 2009
After rising for three months consecutively, the mutual fund (MF) industry is expected to see a fall in assets under management (AUM) this month in excess of Rs 55, 000 crore. CNBC-TV18 learns that banks, which had parked short-term funds in liquid and liquid plus schemes of mutual funds, have redeemed money this month in order to show adequate capital in their balance sheets.
CNBC-TV18’s Vidhi Godiawala delves deeper.