Top 10 MFs have 83 per cent of total AUM

Mumbai: Top fund houses are attracting more investments from the retail investors and their total AUM was more than 83.5 per cent of the industry AUM at the close of the July-September quarter, data released by Association of Mutual Funds showed.

The mutual fund industry asset under management (AUM) grew by 0.69 per cent or Rs 17,793.38 crore in the July-September period to Rs 25.68 lakh crore from Rs 25.50 lakh crore in the previous quarter.

HDFC Mutual Fund maintained its top position with average AUM of Rs 3.76 lakh crore, the AUM of the largest fund house grew by 3.8 per cent or Rs 14,059 crore during the quarter outperforming the industry average growth rate during the quarter.

The top 10 fund houses were getting bigger by the day as only IDFC Mutual fund now has AUM of less than Rs 1 lakh crore and rest all have more than rupees lakh crore. The total AUM of top 10 fund houses out of total 44 asset management companies was Rs 21.48 lakh crore or 83.64 per cent of the total industry AUM.

 Other in the list of  top 10 fund houses during the quarter were ICICI Prudential Mutual Fund (Rs 3,48,068 crore), SBI Mutual Fund (Rs 3,20,662 crore), Aditya Birla Sun Life Mutual Fund (Rs 2,53,828), Nippon India Mutual Fund (Rs 2,02,649 crore), Kotak Mahindra Mutual Fund (Rs 1,68,399 crore), UTI Mutual Fund (Rs 1,54,229 crore),  Franklin Templeton Mutual Fund (Rs         1,24,025 crore),Axis Mutual Fund (Rs 1,05,526 crore) and IDFC Mutual Fund (Rs 94,150 crore).