HDFC MF's average AUM crosses Rs 1-lakh cr mark

NEW DELHI: HDFC MF has become the second mutual fund in the country to cross an average asset under management of Rs one lakh crore.

HDFC MF witnessed a surge of Rs 9,084 crore in its average assets under management (AAUM) taking its total assets to Rs 1,02,399 crore at the end of November.

Besides, the country's fourth largest fund house UTI MF added Rs 3,048 crore to its AUM during the month, taking its total assets to Rs 79,895 crore.

However, monthly AUM figures of many fund houses, including the country's largest fund house Reliance MF, ICICI Prudential MF and SBI MF were not available at the website.

The combined average AUM of the 20 fund houses, which have so far provided the AUM data stands at Rs 3,46,953 crore.

Last month, the total average AUM of 36 fund houses rose by 2.61 percentage point to Rs 7,62,475 crore.

The fund houses which witnessed an increase in their AUM include LIC MF, Fortis MF, Religare MF and Taurus MF.

At the end of November the country's benchmark Sensex stood at 16,926 points.