Tata Mutual Fund crosses $4 billion milestone for assets under management

Witnessing exponential growth in the past few years, Tata Mutual Fund's assets under management crossed the $4 billion milestone on May 30, 2007. This represents a growth of nearly 20 times in the last four years against the industry's growth of approximately five times. In March 2003, Tata Asset Management managed assets of $200 million.

It may be recalled that Tata Mutual Fund has made it to the top 50 service brands in India alongside service brands like SBI, LIC, Taj Hotels, IIT, and IIM in the prestigious "Economic Times Brand Equity Annual Survey 2007". This survey covered 13 cities and included all service categories (financial services, hotels, telecom, airlines, education, etc.). Tata Mutual Fund is ranked fourth amongst all mutual fund brands.

Three schemes of Tata Mutual Fund have also recently won awards in their respective categories. Tata Infrastructure Fund was ranked ICRA MFR 1 and awarded the Gold Award for Best Performance in the Open Ended Diversified Equity category. Tata Income Fund was ranked ICRA MFR 1 and awarded the Gold Award for Best Performance in the Open Ended Debt - Long Term category. Tata Liquid Fund - SHIP was awarded the Crisil Mutual Fund Award 2007 in the Liquid Fund institutional category.

Source : Equity Bulls

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