Mutual fund sector's March AUM plunges

According to the latest numbers released by the Association of Mutual Funds in India (AMFI), the mutual fund industry's assets under management (AUM) as of March 31 plunged by over 13 per cent to Rs 5.87 trillion in March 2012, the lowest AUM since June 2009. The month-on-month decline in assets was the worst in 12 months.