MFs richer by Rs 20,000 cr in October
Domestic mutual funds have witnessed a windfall of assets worth about Rs 20,000 crore over the past month on the back of investors reposing faith in the market.
By PTI |
NEW DELHI: Domestic mutual funds have witnessed a windfall of assets worth about Rs 20,000 crore over the past month on the back of investors reposing faith in the market, which has resumed its record-breaking northward journey after a gap of over five months.
The total assets under management of the country's 30 MF houses have soared past Rs 3,00,000 crore level following an increase of about Rs 20,000 crore in the month of October.
According to the latest data available with the Association of Mutual Funds in India, the total AUM for October stands at Rs 3.09 lakh crore as against Rs 2.90 lakh crore in the previous month.
UTI Mutual Fund has retained its top position with an AUM of Rs 37,789 crore, with an increase of about Rs 3,000 crore from last month's Rs 34,755 crore.
ICICI Prudential Mutual Fund has also maintained its second position with an AUM of Rs 32,664 crore, while excluding the assets held under Fund of Funds (FoF) schemes.
Reliance Mutual Fund continues to hold the third position with AUM of Rs 31,577 crore, followed by HDFC Mutual Fund at fourth position with AUM of Rs 27,552 crore.
However, the data for the month of October does not include the AUM of Escorts Mutual Fund, which had totalled about Rs 1,180 crore at the end of September.
The fifth position has been grabbed by Franklin Templeton Mutual Fund with assets worth Rs 23,920 crore in October.
All the top five MFs witnessed an increase in their respective AUMs in October, while as many as nine MFs clocked a fall during the month, the AMFI data shows.
The funds witnessing a fall in their AUMs include, BoB MF, DBS Chola MF, Deutsche MF, ING Vysya MF, Kotak Mahindra MF, Prinicipal MF, Sahara MF, Tata MF and Taurus MF.
The total assets under management of the country's 30 MF houses have soared past Rs 3,00,000 crore level following an increase of about Rs 20,000 crore in the month of October.
According to the latest data available with the Association of Mutual Funds in India, the total AUM for October stands at Rs 3.09 lakh crore as against Rs 2.90 lakh crore in the previous month.
UTI Mutual Fund has retained its top position with an AUM of Rs 37,789 crore, with an increase of about Rs 3,000 crore from last month's Rs 34,755 crore.
ICICI Prudential Mutual Fund has also maintained its second position with an AUM of Rs 32,664 crore, while excluding the assets held under Fund of Funds (FoF) schemes.
Reliance Mutual Fund continues to hold the third position with AUM of Rs 31,577 crore, followed by HDFC Mutual Fund at fourth position with AUM of Rs 27,552 crore.
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However, the data for the month of October does not include the AUM of Escorts Mutual Fund, which had totalled about Rs 1,180 crore at the end of September.
The fifth position has been grabbed by Franklin Templeton Mutual Fund with assets worth Rs 23,920 crore in October.
All the top five MFs witnessed an increase in their respective AUMs in October, while as many as nine MFs clocked a fall during the month, the AMFI data shows.
The funds witnessing a fall in their AUMs include, BoB MF, DBS Chola MF, Deutsche MF, ING Vysya MF, Kotak Mahindra MF, Prinicipal MF, Sahara MF, Tata MF and Taurus MF.
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