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					                                AAUM Movement for the month of Jan 2010

After impressive gains in the month of November 2009 and December 2009, the Indian market cooled off in the
month of January 2010. Both the BSE Sensex and S&P Nifty fell by around 6 per cent. FIIs and Mutual Funds
were net sellers in the equity market by Rs. 500.3 crores and Rs. 1340.6 crores

In the Bond market, yields traded in a narrow range through the month amid the uncertainty over the third
quarter monetary policy review. During the month the FIIs turned net buyers pumping in Rs. 8913 crores, while
Mutual funds invested Rs. 31231.8 crores in the debt market.

The AAUM of equity category is around Rs. 2,03,116.59 crores which is 1.4 per cent higher against the last
month. While the total AAUM of debt category has reduced to Rs. 5,33,481.24 crores in January 2010, a
decline of more than 6 per cent compared to last month. The highest gain in the equity category was made by
Bharti AXA Mutual Fund, Benchmark Mutual Fund and Sundaram BNP Paribas Mutual Fund by 11.05 per
cent, 7.97 per cent and 6.37 per cent respectively.

The Average Assets Under Management (AAUM) of all Mutual Funds stood at Rs 7,63,143.4 crore as the
assets fell by Rs. 32,385.4 crores or 4.07 per cent during the month of January 2010 compared with Rs.
7,95,528.7 crores in Dec 2009. Out of the 37 Mutual fund houses only 14 witnessed an increase in their AAUM
while the rest 23 saw their AAUM plunge.

                                             AAUM Movement



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                                                              AMC
                                                     Jan-10            Dec-09


Among the top five Mutual fund houses based on AAUM, all five faced a decline in their AAUM with the
highest fall clocked in the assets of Birla Sun Life Mutual Fund, which fell by 8.03 per cent compared with last
month, currently the AAUM of Birla Sun Life Mutual Fund stands at Rs. 62,617.7561 crores. Reliance Mutual
Fund continued to be the largest fund house with Rs. 1,17,248.57 crores of AAUM in January 2010 recording a
loss of 2.28 per cent in its AAUM compared with the earlier month. ICICI Prudential Mutual Fund which was
the only one in top five AMCs to make a gain in Dec 2009 has also made a loss of 4.92 per cent in January
2010.

All Mutual fund houses which posted a turnaround, clocking a positive growth compared to losses in the
previous month are Baroda Pioneer Mutual Fund which has registered the highest gain of 23.8 per cent in
AAUM, followed by Sahara Mutual Fund, Canara Robeco Mutual Fund, JM Financial Mutual Fund and
Sundaram BNP Paribas Mutual Fund by 21.87 per cent, 8.02 per cent, 7.18 per cent and 5.20 per cent
respectively.

The fund houses which saw an increase in the month of December 2009 but have seen a trend reversal this
month are Edelweiss Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, ICICI Prudential Mutual
Fund and DSP BlackRock Mutual Fund.

				
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posted:2/19/2010
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