Mutual fund industry clocks 8% rise in Dec AAUM

Harsha JethmalaniMoneycontrol.com

Average assets under management (AAUM) of Indian mutual fund industry surged almost 8 percent or Rs 67437 crore to Rs 8.75 lakh crore during the October-December quarter from Rs 8.08 lakh crore in September.

Among the top fund houses, ICICI Prudential clocked highest inflows of Rs12017 crore followed by Reliance MF, whose assets rose Rs 9238 crore. HDFC’s AUM went up to Rs 1.08 lakh crore, increase of Rs 5,944 crore. In terms of total funds, HDFC MF remains at the top slot, Reliance MF and ICICI Prudential are at the second and third positions respectively. Birla Sun Life and UTI also witnessed a rise of Rs 7,742 crore and Rs 4,294 crore respectively. AUMs of all top 10 fund houses grew. Meanwhile, assets of smaller fund houses like BOI Axa, Baroda Pioneer, LIC Nomura, Peerless and Axis also increased.

On the flip side, 10 fund houses recorded a decline in their asset including Canara Robeco, Goldman Sachs, Edelweiss, IDBI, Indiabulls Mutual and Tata Mutual Fund. The assets of ING, Edelweiss, Sahara, Indiabulls and PineBridge declined more than 10 percent.

To compare asset movement of mutual funds for different time frames click here.