labels: reliance mutual fund, investment - general, mutual funds
ICICI MF regains top spot from Reliance MFnews
Our Banking Bureau
05 May 2006

The reign of Reliance Mutual Fund as the largest private sector fund house in the country has lasted just one month. Prudential ICICI has reclaimed the position, which it held for many years, as of end April 2006.

ICICI Prudential had a total of Rs27,503 crore in assets under management, excluding fund of funds, as of April end against Rs26,420 crore for Reliance Mutual Fund. While ICICI increased its total fund size by Rs4,001 crore during April, Reliance could grow by only Rs1,750 crore.

Reliance MF had become the country's top fund in the private sector in March after its Reliance Equity Fund, the single largest mutual fund scheme, collected a record Rs5,700 crore.

Reliance Equity Fund remains the single largest scheme as of April end, with assets totalling Rs6,060 crore.

UTI MF remains the largest fund house in the country with Rs30,109 crore in assets under management as of April 2006 end. HDFC MF and Franklin Templeton complete the top five

Fund

April 2006

April 2005

Assets under management in Rs crore

UTI MF

30,109

20,478

Prudential ICICI

27,503
16,143

Reliance MF

26,420
9,601

HDFC MF

22,539
15,172

Franklin Templeton

19,639
15,733

Birla Sun Life

17,390
10,504

SBI MF

14,506
6,720

DSP Merrill Lynch

13,201
6,234

Tata MF

10,652
7,875

Standard Chartered

10,985
7,108

HSBC

10,079
7,009
Standard Chartered
9,322
8,610

Total assets under management, excluding fund of funds, for the whole mutual fund industry crossed Rs250,000 crore for the first time during April 2006 and stood at Rs257,529 crore. AUM for the industry was at Rs157,998 crore as of end April 2005.

Most of the nearly Rs24,000 crore in assets added by the industry during April 2006 came from inflows into fixed income schemes. Fresh flows into equity schemes slowed down during the month.


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ICICI MF regains top spot from Reliance MF