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Wednesday, September 26, 2007

$100 billion and still counting...

May$100 billion and still counting... has proved to be a very good month for Indian economy, especially for Mutual Fund companies. In this month, in quick succession, the country’s GDP and BSE’s market capitalisation managed to go beyond the $1 trillion mark. To add more to the list, the Mutual Fund industry crossed the $100 billion milestone. Assets under management (AUM) by 29 fund houses were pegged at Rs.4.07 trillion. At the current rupee-dollar exchange rate of Rs.40.52, this interprets into a little over $100 billion. This milestone was reached on the back of a 16% rise in industry AUM in May over the previous month and a 48% jump over the May 2006 figures.

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Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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