Glossary of Mutual Fund Terms
Assets Under Management (AUM)
Assets Under Management (AUM) is the total market value of the investments (assets) that an asset management company is managing, on behalf of its investors.
Asset Management Company
AMC or Asset Management Company is the Investment Manager of the Mutual Fund that manages the pool of investor money on behalf of the investors. An AMC carries out all purchase and sale of securities in the portfolio of various Mutual Fund schemes launched by the Mutual Fund.