Industry Update: Sharekhan Mutual Funds Report dated November 13, 2006

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Sunil

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Nov 13, 2006, 9:49:41 AM11/13/06

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Industry Update

[November 13, 2006] Please see the attachment for details

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Summary of Contents

INDUSTRY UPDATE

Strong fund flows strengthen equity AUM

The assets under management (AUM) for equity funds increased by 4.9% to Rs127,943 crore in October 2006. The strong fund flows arising out of new fund offering (NFO) collections aided the equity AUM.

Regards,
The Sharekhan Research Team

myac...@sharekhan.com

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