HDFC Mutual Fund has become the second asset management house to cross Rs 1 lakh crore mark in the domestic fund market and joined the bandwagon with Reliance Mutual Fund.

In November, the average asset under management (AAUM) of HDFC was Rs 1.02 lakh crore, as per the latest statistics declared by the Association of Mutual Fund of India (AMFI).

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets come off day highs - India to provide $500mn line of credit to Myanmar - IGC lowers world wheat output for 2012-13 to 671 mn tonne - Oil india Q4 net down 21% at Rs 445 cr - Synthetic rubber consumption up 2% in Feb, output falls

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