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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Changes to FDI investment norms for housing look cosmetic

    The policy measures announced on Wednesday for facilitating greater participation of foreign direct investment (FDI) in the real estate sector do not

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Energy conservation through feedback

In households across the world, people use electric energy not ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture