Mutual Funds
AUM
Assets Under Management (AUM) is the total market value of investments managed by a mutual fund or portfolio manager.
Example
SBI Mutual Fund has AUM of over Rs 8 lakh crore.
Related terms
NAV
Net Asset Value (NAV) is the per-unit market value of a mutual fund. It is calculated by dividing total assets minus liabilities by number of units.
Mutual Fund
A mutual fund pools money from multiple investors to invest in stocks, bonds, or other securities. It is managed by professional fund managers.