labels: investment - general, mutual funds
Mutual Fund assets set new record at Rs3.1 lakh crore in Octobernews
Rex Mathew
03 November 2006

After shedding over Rs15,500 crore in assets under management during the previous month, the mutual fund industry has done well for the month of October 2006. Helped the sustained stock market rally, total assets - excluding fund of funds – increased to Rs309,830 crore as at the end of the month from Rs2,91,200 crore as of end September.

Total assets under management as at the end of the previous month is a new record for the industry. This is the second time, after August 2006, the mutual fund industry has reported month-end assets of over Rs3 lakh crore.

UTI Mutual retained the top spot and saw the biggest monthly rise in assets. Total assets of UTI went up Rs3,035 crore during the month to its highest ever at Rs37,790 crore. Prudential ICICI retained the second spot with an increase of Rs2,454 crore in assets to Rs32,664 crore. Reliance MF added Rs2,924 crore to its assets and has moved closer to Prudential ICICI.

Fund House

Oct 2006

Oct 2005

Sep 2006

UTI MF

37,790

24,935

34,755

Prudential ICICI

32,664

20,426

30,210

Reliance MF

31,572

14,100

28,648

HDFC MF

27,553

18,601

25,639

Franklin Templeton

23,920

16,514

23,060

Birla Sun Life

16,822

12,234

14,615

SBI MF

15,496

10,699

15,101

Standard Chartered

12,542

10,265

11,765

Tata MF

12,474

9,426

12,500

DSP Merrill Lynch

11,718

6,984

11,467

Kotak Mahindra

10,938

7,475

10,949

Principal

10,051

6,662

10,557

HSBC

9,691

7,256

9,518

Figures in Rs Crore
Source: AMFI

 

also see : Other reports by Rex Mathew

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Mutual Fund assets set new record at Rs3.1 lakh crore in October