Lotus India MF AUM cross $1 bn mark

Lotus India MF AUM cross $1 bn mark
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First Published: Wed, Jul 04 2007. 03 58 PM IST
Updated: Wed, Jul 04 2007. 03 58 PM IST
PTI
Mumbai: Lotus India AMC said on 4 July its assets under management (AUM) have crossed $1-billion mark as on 30 June.
The company has witnessed a 15% growth in AUM to Rs4,165.36 crore as on 30 June, from Rs3,623 crore on 31 May, a press release stated.
Lotus India AMC’s CEO Ajay Bagga said: “We are pleased with the growth momentum sustained over the past eight months.”
“Our focused growth strategy has translated into a rapidly-increasing distribution network and our growing AUM is a reaffirmation of the faith reposed in us by our investors and distributors,” he added.
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First Published: Wed, Jul 04 2007. 03 58 PM IST