The
average assets under management (AAUM) of Indian mutual fund (MF) companies
rose by about Rs 40,000 crore during the first quarter of the fiscal year
(2015-16) toRs. 12.34 lakh crore.
The
average AUM during 2015 January to March was Rs. 11.94 lakh crore. The increase
in absolute assets is almost entirely due to inflows into the industry since
the benchmark index BSE's SENSEX saw only a marginal 1% fall over the
three-month period.
According
to data available with the Association of Mutual Funds of India (AMFI),
HDFC
MF continues to be the top mutual fund house by asset size.
Its
average AUM for the quarter was Rs. 1.65 lakh crore, followed by ICICI Pru. MF
at Rs. 1.55 lakh crore and Reliance MF at Rs. 1.44 lakh crore. Kotak Mahindra
showed the highest percentage growth quarter-on-quarter among the top 10 MFs.
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