Ch.2 · Advantages and Limitations of Mutual Funds · easy
What is an AUM (Assets Under Management) and why is it important?
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EXPLANATION
AUM (Assets Under Management) is the total market value of all investments managed by an AMC across all its schemes. It reflects the scale of the AMC's operations. However, a larger AUM does not mean better returns — scheme performance depends on fund management quality, not size.
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