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06 May 2008 | 11:21 AUM up by 7.32% Assets under management (AUM) registered an impressive rise of 7.32% to Rs 5.67 lakh crore in April 2008 compared with Rs 5.28 lakh crore in March 2008. AUM of fund of funds (FoFs) was Rs 3759.02 crore in April 2008. It has been the highest monthly gain in AUM since October 2007. Of the 33 mutual funds 26 registered a rise in AUM in April 2008 over March 2008 and rest 7 showed a decline in their AUM. There were 17 fund houses with AUM above Rs 10000 crore. Fifteen of them had a net inflow in April 2008 compared with March 2008. The top three funds witnessing a rise in the AUM included Mirae Mutual Fund (95.18%), Canara Robeco Mutual Fund (30.35%) and AIG Global Investment Group Mutual Fund (21.71%). Reliance Mutual Fund continued its run as the largest fund house with Rs 96386.40 crore of AUM in April 2008 a rise of 5.99% over March 2008. It registered net inflow of Rs 5448.46 crore in April 2008 over March 2008. AUM of ICICI Prudential Mutual...

30 Apr 2008 | 11:56 Lotus India MF files offer document with Sebi Name of Fund: Lotus India Fixed Maturity Plan 1 Month Series IX to XI Scheme: It is a close-ended debt scheme. Objective: The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme. Investment Options: Investors will have a choice of two options viz. growth option and dividend re-investment facility.Tenure of the schemes: 30 days from the date of allotment of the Scheme (including thedate of allotment). Asset Allocation: The scheme will invest 0-85% in money market instruments including reverse repo. 0-50% in Government Securities issued by the Central Government and/or State Government (s). 15-100% in debt instruments such as bonds and debentures. 0-50% in securitized debt. Investment in fixed income Derivatives Upto 50% of the net asset of the scheme. None of the schemes intend ...