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Portfolio Managers' AUM rises to Rs. 7 trillion in June

Portfolio managers individually managed assets worth Rs. 5.15 trillion for discretionary services in June

July 24, 2013 2:13 IST | India Infoline News Service
Assets under management of portfolio managers rose to Rs. 7.01 trillion at the end of June from Rs. 6.17 trillion in the previous month, according to SEBI (Securities and Exchange Board of India) data.

Portfolio managers individually managed assets worth Rs. 5.15 trillion for discretionary services in June besides Rs. 781.98 billion for advisory services and another Rs. 292.55 billion for non-discretionary investments.

However, the number of clients for portfolio managers has fallen to 65,300 in June from 65,667 in the preceding month.

Portfolio managers managed debt assets to Rs. 4.97 trillion and listed and unlisted equities worth Rs. 218.06 billion at the end of June.

In addition, portfolio managers managed AUM worth about Rs. 92.6 billion of mutual funds during the period.

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