Overall costs rose 41% on the year to RON113.7 million, the fund said in its preliminary financial report.
SIF Muntenia said net profit stood at RON65.3 million, down from RON71.4 million in 2010. The figure is unchanged from a monthly report published in January.
End-December, the fund posted net assets of RON1.23 billion, down 12% from RON1.4 billion in the same month of 2010.
On the Bucharest bourse Tuesday, SIF Muntenia closed down 0.65% at RON1.77 a share. (EUR1=RON4.3473)