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Principal Pnb MF AUM up 18 p.c.

CHENNAI: Principal Pnb Asset Management has achieved an 18 per cent increase in assets under management (AUM) from Rs. 10,038 crore on June 30 to Rs. 11,841 crore on July 31.

Rajan Krishnan, Business Head-Asset Management, has indicated in a release that the growth this month was attributed to the strong acceptance of consistent performance and the high asset quality of portfolios.

With liquidity back in the market, institutional clients have been using mutual funds to manage their shorter term surpluses.

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