HDFC MF’s AUM retains top position in December quarter

India Infoline News Service | Mumbai |

The fund’s average AUM was up by Rs 59 bn, or 5.8%, to Rs 1.09 trillion

HDFC Mutual Fund’s average AUM (assets under management) retained its top position across fund houses in the December quarter with respect to total assets managed, according to CRISIL Research's note on mutual fund quarterly average AUM numbers released by AMFI for October-December 2013.

The fund’s average AUM was up by Rs 59 bn, or 5.8%, to Rs 1.09 trillion. Reliance Mutual Fund maintained the second position at Rs 1.03 trillion, up 9.9%, or Rs 92 bn. ICICI Prudential Mutual Fund was ranked third in the asset tally at Rs 972 bn; its average assets were up Rs 120 bn, or 14.1%.

The share of the top five mutual funds’ assets was 53% in the December quarter (same as previous quarter) while the share of top 10 funds’ assets was 78% (same as the previous quarter). The bottom 10 fund houses continued to occupy less than 1% of the average AUM.


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