The Falling Rupee
Rupee hits all-time low versus dollar
The rupee hit a record low against the dollar, breaching 54.30 vs the dollar, succumbing to the steep risk aversion hitting global markets and highlighting the vulnerabilities of the country. Full Article | Related Story
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TABLE-India funds' average assets fall 2.8 pct in Sept
MUMBAI, Oct 3 (Reuters) - The average monthly assets under management of Indian mutual funds fell 2.8 percent to 5.3 trillion rupees in September, data from the Association of Mutual Funds in India showed on Friday.
In August, the average assets had risen 2.8 percent to 5.4 trillion rupees.
The following table shows mutual funds' average assets in billions of rupees and growth over various time periods:
Asset Change in percent -------------------------------------------------------------- Fund House Sept-08 1-Month 6-Month 1-Year -------------------------------------------------------------- ABN AMRO 89.66 7.16 45.14 35.35 AIG Global Investment Group 30.26 -12.03 -3.37 34.44 Baroda Pioneer 0.77 25.50 5.84 -21.98 Benchmark 39.05 2.07 17.61 -29.71 Bharti AXA 4.70 15.19 -- -- Birla Sun Life 375.78 -1.59 4.66 43.02 Canara Robeco 60.06 22.19 108.18 122.44 DBS Chola 16.03 -0.51 -32.40 -62.88 Deutsche 116.94 1.99 -9.90 5.65 DSP Merrill Lynch 185.12 -4.67 0.60 26.35 Edelweiss 3.02 -- -- -- Escorts 2.11 2.44 47.40 51.31 Fidelity 76.80 0.43 -8.12 -23.29 Franklin Templeton 283.56 2.31 5.72 -7.10 HDFC 519.98 -3.45 16.14 22.11 HSBC 155.33 -8.09 4.14 -17.74 ICICI Prudential 497.72 -6.25 -8.37 -0.63 IDFC 118.53 -3.28 -6.91 -19.82 ING 62.98 -6.51 -28.58 -30.22 JM Financial 104.47 -12.85 -19.30 81.45 JPMorgan 24.00 -11.84 10.56 23.37 Kotak Mahindra 188.13 2.17 4.11 -2.70 LIC 161.68 -5.74 15.03 25.53 Lotus India 79.37 -3.61 0.15 12.89 Mirae Asset 23.10 -9.89 108.63 -- Morgan Stanley 28.45 -5.09 -11.24 -18.31 Principal 99.44 -10.08 -24.71 -35.23 Quantum 0.69 -2.75 9.28 17.44 Reliance 864.94 -2.39 -4.89 23.86 Sahara 1.82 1.42 1.59 -5.40 SBI 292.48 -1.11 0.24 24.98 Sundaram BNP Paribas 126.15 5.36 3.58 34.08 Tata 207.78 -1.98 5.58 10.73 Taurus 4.08 9.13 27.48 28.30 UTI 446.23 -4.95 -8.90 4.99 ------------------------------------------------------------- Total 5,291.22 -2.77 -0.23 10.27 ------------------------------------------------------------- Source: Association of Mutual Funds in India (Compiled by Nishant Kumar; editing by Ramya Venugopal)
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