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Mutual funds
Also called: AUM, Assets under management, Fund size
AUM (assets under management) is the total market value of the money a mutual fund scheme manages, usually quoted in ₹ crore. It rises with new investment and market gains and falls with redemptions and losses.
A scheme with 10 crore units outstanding at a NAV of ₹45 has an AUM of about ₹450 crore.
AUM (assets under management) is the total market value of the money a mutual fund scheme manages, usually quoted in ₹ crore. It rises with new investment and market gains and falls with redemptions and losses.
A scheme with 10 crore units outstanding at a NAV of ₹45 has an AUM of about ₹450 crore.
No. AUM describes a fund's costs, structure or past record. Mutual fund investments are subject to market risks, and past performance does not indicate future returns.