UTI money market tops the MF scheme last week

By SiliconIndia   |   Monday, August 24, 2009
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Bangalore: In the week ended August 21, 2009, UTI Money Market - Retail topped the list of mutual fund schemes. The market value of UTI fund went up by 9909 percent with the net asset value (NAV) of Rs.2514.08, which is also a 52-week high value. Manish Joshi is the fund manager of this open ended fund, which has a market size of Rs.3034.93 crore as on July 31, 2009. Some of the key holdings of the fund are Oriental Bank of Commerce, ICICI Bank, Export-Import Bank of India and Axis Bank. The primary objective of the scheme is to provide highest possible current income, by investing in a diversified portfolio of short-term money market securities. According to mutualfundsindia.com, other funds which followed UTI Money Market - Retail in top list for the last week are Reliance Pharma Fund, which gained by 2.07 percent, Birla Sun Life Interval Income Fund Quarterly Plan - Series I by 1.47 percent and Sundaram BNP Paribas Select Small Cap Fund by 9.46 percent.
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