MUMBAI (Reuters) - The average monthly assets managed by domestic
mutual funds rose 2.6 percent to 7.8 trillion rupees inFebruary, data
from the Association of Mutual Funds in India showed on Wednesday.
The assets had dropped 4.14 percent to 7.6 trillion rupees in January.
Here are some of the top gainers for the month of February
1. AIG World Gold leads stock funds - A globally-focussed fund managed
by AIG Global Asset Management was the top performer among
India-registered equity funds in February, data from Thomson Reuters
fund research firm Lipper showed.
AIG World Gold returned 5.06 percent over the month, beating an
average 0.14 percent loss for India-registered equity funds tracked by
Lipper.
2. Reliance leads mixed asset funds - An India-focussed fund managed
by Reliance Capital Asset Management was the top performer among
India-registered mixed asset funds in February.
Reliance Regular Savings returned 3.53 percent over the month,
beating an average 0.05 percent loss for India-registered mixed asset
funds tracked by Lipper.
3. Baroda Pioneer Income leads bond funds - An India-focussed fund
managed by Baroda Pioneer Asset Management was the top performer among
India-registered open-end bond funds in February.
Baroda Pioneer Income returned 0.66 percent over the month, beating
an average 0.09 percent gain for India-registered fixed income funds
tracked by Lipper.
Lipper, a Thomson Reuters company, is a fund research and analysis
organisation, providing independent insight on global collective
investment including mutual funds, retirement funds, hedge funds, fund
fees and fund expenses to the asset management and media communities.
Lipper data covers 196,000 share classes and more than 108,000 funds
in 57 registered-for-sale universes. It provides the free Lipper
Leader ratings for mutual funds registered for sale in 27 countries.
Additional information is available at www.lipperweb.com.
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