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The mutual funds’ assets under management (AUMs) recorded a growth of over 10 per cent to touch Rs.3.41 trillion, another all-time high for the second month in a row. The buoyant equity market had a major role to play in the increase in AUMs, with liquid schemes and the popular fixed maturity plans providing strong support. While liquid schemes saw a 15 per cent spurt in AUMs, income scheme assets increased by 9.5 per cent, and equity assets increased by 6.6 per cent during November, 2006. The mutual funds were in profit booking mode in the secondary market; they made net sales of Rs.247.3 million during the month. Their gross investments (the sum of buy and sell transactions) were, however, higher, at over Rs.250 billion compared to about Rs.200 billion, the previous month.
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