Mutual funds' AUM touches Rs 7.86 lakh cr in Oct-Dec quarter

Tags: Mutual Funds
Touching the highest level in nearly three years, the assets managed by mutual funds jumped by more than 5 per cent to Rs 7.86 lakh crore in the three months ended December 2012.

The country's 44 fund houses together had an average AUM (Asset Under Management) of Rs 7,86,543 crore in the October- December quarter of the current fiscal, up from 7,47,333 crore in the previous three-month period.

This is the highest level since September 2010 (when AMFI started declaring quarterly average numbers) and the third consecutive quarterly gain in mutual fund assets.

Excluding the domestic Fund of Funds, the total average AUM of 44 AMCs stood at Rs 70,638 crore in the third quarter of 2012-13, down from Rs 70,783 crore in the previous quarter.

Most of the fund houses, including the top-ranked HDFC, Reliance and ICICI Prudential saw their AUMs rise during the quarter under review.

However, BNP Paribas, Edelweiss, Goldman Sachs, Pramerica and Tata Mutual Funds witnessed a decline in their AUMs from the levels seen in the July-September quarter.

Of the 44 fund houses, 33 saw their AUMs rise during the period, which market experts largely attributed to revival in stock market sentiments that helped them attract fresh investment and also improve their portfolio values.

HDFC MF retained its top position and had an average AUM of about Rs 1.01 lakh crore, a rise of 3.7 per cent followed by Reliance MF with an average AUM of about Rs 90,600 crore, up by 5 per cent during the quarter.

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture