Reliance MF maintains position as top fund house
Anil-Ambani promoted Reliance Mutual Fund has maintained its top position as the country's most valuable fund house in September.
By PTI |
NEW DELHI: Anil-Ambani promoted Reliance Mutual Fund has maintained its top position as the country's most valuable fund house in September.
Reliance Mutual Fund maintains its top position with assets under management of Rs 70,440.57 crore in September against Rs 67,597.65 crore for August, the AMFI data shows. Its assets have grown over 4.2 per cent in the month.
ICICI Prudential remained at the second slot and added Rs 241 crore in the last month to its AUM which stand at Rs 50,369.93 crore, while PSU major UTI MF is at the third rank with assets worth Rs 45,002.62 crore in September.
Besides, assets under management of HDFC MF and Franklin Templeton MF stood at Rs 41,333.40 crore and Rs 30,481.96 crore respectively in September.
Overall, the AUM of the all mutual funds was Rs 3,84,470.34 crore, however, AUM figures of nine fund houses are yet to be added to the total.
In August, the overall AUM had witnessed a dip pf Rs 18,500 crore due to the volatility in Indian stock markets over the US subprime mortgage crisis. The total AUM of 32 fund houses had decreased to Rs 4,67,623.44 crore in August from Rs 4,86,129.22 crore in July.
Reliance Mutual Fund maintains its top position with assets under management of Rs 70,440.57 crore in September against Rs 67,597.65 crore for August, the AMFI data shows. Its assets have grown over 4.2 per cent in the month.
ICICI Prudential remained at the second slot and added Rs 241 crore in the last month to its AUM which stand at Rs 50,369.93 crore, while PSU major UTI MF is at the third rank with assets worth Rs 45,002.62 crore in September.
Besides, assets under management of HDFC MF and Franklin Templeton MF stood at Rs 41,333.40 crore and Rs 30,481.96 crore respectively in September.
Overall, the AUM of the all mutual funds was Rs 3,84,470.34 crore, however, AUM figures of nine fund houses are yet to be added to the total.
In August, the overall AUM had witnessed a dip pf Rs 18,500 crore due to the volatility in Indian stock markets over the US subprime mortgage crisis. The total AUM of 32 fund houses had decreased to Rs 4,67,623.44 crore in August from Rs 4,86,129.22 crore in July.
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