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Understand Assets Under Management (AUM): What it is, how it's calculated, and its vital role in wise long-term investments. Make informed decisions for your money. AUM is the total value of all the assets that a mutual fund manages on behalf of its investors. Learn how AUM is calculated, why it is important, and how it impacts fees and performance. AUM, or Assets Under Management, refers to the total market value of assets and investments a mutual fund manages for its investors, including equity, debt, and gold. Wondering what AUM means in mutual funds? Learn how Assets Under Management (AUM) helps measure a fund's size and performance, and why it matters to investors like you.