MF assets dip R10,948 cr

[calvink]

"There has been a rise in new accounts for systematic investment plans but it will take a couple of months to reflect in terms of numbers," said a senior official at another fund house.

LIC Mutual Fund, which lost Rs 5,624 crore and IDFC Mutual Fund, which lost Rs 5,079 crore, were the biggest losers for the month. SBI Mutual Fund and JP Morgan AMC were the biggest gainers.

Among the top five players, only Reliance Mutual Fund witnessed some growth in its AUM during the month, while others witnessed outflows.

Mutual Bond Funds