Tata Mutual Fund crosses the Rs 10,000 crore milestone of assets under management on August 31, 2005
September 2, 2005

Tata Mutual Fund has been witnessing remarkable growth in the past few years. Its assets under management (AUM) has grown from Rs 1,027 crore as on March 31, 2003, to Rs 10,000 crore as on August 31, 2005 - in a period of 29 months. This shows a growth in AUM of 873 per cent during this period, thus making it one of the fastest growing mutual funds in the last three years.

Speaking on the occasion, Ved Prakash Chaturvedi, managing director, Tata Asset Management, said, "This is the result of our strong commitment to providing best in class products and service to our investors."

Tata Mutual Fund was the fastest growing fund house as per AMFI data for the period March 2004 and March 2005 for MFs above Rs 1,000 crore. Tata Mutual Fund currently has 60 touch-points with over 700,000 investors across the country. It also offers a wide array of products across the risk-reward spectrum for every financial need at various life-stages.