Pru ICICI emerges as biggest mutual fund
Prudential ICICI Mutual Fund has emerged as the country's biggest fund house with assets under management of more than Rs 32,000 crore, pushing the previous leader UTI MF to the second position.
By PTI |
NEW DELHI: Prudential ICICI Mutual Fund has emerged as the country's biggest fund house with assets under management of more than Rs 32,000 crore, pushing the previous leader UTI MF to the second position.
Prudential ICICI Mutual fund's AUM surged to Rs 32,150.94 crore in May, excluding Rs 43.49 crore worth assets under fund of funds, according to the information available with Association of Mutual Fund Industry.
UTI Mutual fund, which topped the charts last month, was placed at the second position with total AUM of Rs 30551.01 crore at the end of May.
Reliance Mutual Fund came third on the list with AUM of nearly Rs 27, 900 crore as against, Rs 24,669 crore in April.
The total AUM of all 29 mutual fund AMCs rose to Rs 2,76,342.39 crore, excluding assets worth Rs 1,535.91 crore held under the FoFs.
HDFC MF was ranked at the fourth position in May with AUM of 23,649.75 crore, followed by Franklin Templeton MF at the fifth rank with AUM of Rs 22,359.90 crore excluding the assets under FoFs.
Prudential ICICI had topped the chart of private MFs in April with total AUM of Rs 27,503 crore, followed by Reliance MF at the second position.
Pru ICICI's AUM has increased by Rs 4,001 crore or 17 per cent in April, while Reliance's AUM dropped by around 6 per cent or Rs 1,751 crore.
In March this year, Reliance MF had become the top private sector player for the first time with record subscriptions worth more than Rs 5,700 crore for its Reliance Equity Fund. Reliance MF had assets worth Rs 26,420 crore at the end of March, while Pru ICICI clocked in second with Rs 23,502 crore.
Prudential ICICI Mutual fund's AUM surged to Rs 32,150.94 crore in May, excluding Rs 43.49 crore worth assets under fund of funds, according to the information available with Association of Mutual Fund Industry.
UTI Mutual fund, which topped the charts last month, was placed at the second position with total AUM of Rs 30551.01 crore at the end of May.
Reliance Mutual Fund came third on the list with AUM of nearly Rs 27, 900 crore as against, Rs 24,669 crore in April.
The total AUM of all 29 mutual fund AMCs rose to Rs 2,76,342.39 crore, excluding assets worth Rs 1,535.91 crore held under the FoFs.
HDFC MF was ranked at the fourth position in May with AUM of 23,649.75 crore, followed by Franklin Templeton MF at the fifth rank with AUM of Rs 22,359.90 crore excluding the assets under FoFs.
Prudential ICICI had topped the chart of private MFs in April with total AUM of Rs 27,503 crore, followed by Reliance MF at the second position.
Pru ICICI's AUM has increased by Rs 4,001 crore or 17 per cent in April, while Reliance's AUM dropped by around 6 per cent or Rs 1,751 crore.
In March this year, Reliance MF had become the top private sector player for the first time with record subscriptions worth more than Rs 5,700 crore for its Reliance Equity Fund. Reliance MF had assets worth Rs 26,420 crore at the end of March, while Pru ICICI clocked in second with Rs 23,502 crore.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
