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Wednesday, January 13, 2016

Assets Under Management - AUM

 

Assets Under Management (AUM) of a Mutual Fund

AUM stands for Assets Under Management. AUM can be used for a mutual fund, brokerage firm, private equity firm etc. In case of a mutual fund, AUM denotes the overall market value of the fund as a sum of the market value of individual entities within the fund. Larger AUM means a low expense ratio for you as the costs of operating the mutual fund gets divided among all the investors. AUM figures for mutual funds are generally given in crores of rupees.

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Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

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