labels: prudential icici mutual fund, uti, investment - general
Prudential-ICICI MF beats UTI MF as top mutual fundnews
Our Markets Bureau
02 June 2006

Prudential ICICI Mutual Fund has beaten UTI Mutual Fund as the top fund house in the country for the first time ever. Pru-ICICI has consistently been the second largest fund house behind UTI MF, except for March 2006 when Reliance MF briefly took that place.

Pru-ICICI added Rs4,648 crore to assets under management during May 2006, despite the market correction. UTI MF saw net inflows of only Rs442 crore during the month.

Most fund houses managed modest increases in assets under management during May, indicating that redemption pressures have not set in even after the substantial fall in stock market indices. Among the top fund houses, which have declared their May numbers, Birla Sun Life, SBI MF and Standard Chartered MF have seen marginal decline in assets under management from April 2006.

Reliance MF, DSP Merrill Lynch and Tata MF have not yet declared their May 2006 assets under management figures.

Fund

May 2006

May 2005

April 2006

Prudential ICICI

32,151

17,185

27,503

UTI MF

30,551

22,444

30,109

Reliance MF

NA

10,128

26,420

HDFC MF

23,650

15,710

22,539

Franklin Templeton

22,360

17,079

19,639

Birla Sun Life

16,991

10,722

17,390

SBI MF

13,670

7,004

14,506

DSP Merrill Lynch

NA

7,074

13,201

Tata MF

NA

8,164

10,652

Kotak Mahindra

11,818

7,230

10,985

HSBC

10,174

7,570

10,079

Standard Chartered

8,524

8,143

9,322

Figures in Rs Crore Source: AMFI


 search domain-b
  go
 
Prudential-ICICI MF beats UTI MF as top mutual fund