The SBI Mutual Fund remains at number one with its AUM of Rs 5.11 lakh crore. It is the first fund house in the country, whose AUM is more than five lakh crore rupees. Now HDFC Mutual Fund has now reached number three.
Mumbai has
undergone a major reshuffle in the mutual fund industry of the country . The first number where SBI Mutual Fund ( SBI Mutual Fund has retained possession of), the HDFC Mutual Fund (HDFC Mutual Fund slipped by) Second place went to third. ICICI Prudential has climbed from the third position to the second position. This information is obtained from the portfolio disclosure on AMC’s website. SBI’s number one remains intact
ABI Mutual Fund (SBI MF) remains at number one with its AUM of Rs 5.11 lakh crore. It is the first fund house in the country, whose AUM is more than five lakh crore rupees. Now HDFC Mutual Fund has now reached number three. If seen in March, HDFC Mutual Fund’s AUM was about Rs 1,000 crore more than its rival. Whereas now ICICI Prudential Mutual has overtaken him by more than Rs 5000 crores.
ICICI Pru reaches second place
According to the data ICICI Prudential Mutual Fund has secured the second position. It has overtaken HDFC Mutual Fund. Asset under management of HDFC Mutual Fund in April was Rs 4.07 lakh crore, while AIC of ICICI Prudential Mutual Fund stood at Rs 4.12 lakh crore.
Why did this happen
Analysts say ICICI Prudential Mutual Fund has outperformed in schemes like equity, debt and hybrids over the past year. Whatever decision it has taken in equity has been taken keeping in mind the value. This fund house has given better returns to investors in a year. When it comes to debt, it has never defaulted on credit-related payments. Nor has it ever delayed payment. Also, it is focusing only on papers with AA and AAA ratings. This enables the debt investors to give positive returns. When it comes to hybrid funds, this fund house constantly focuses on asset allocation. Because the market can live in fluctuations at any time. Asset allocation gives investors the advantage that when the market is up, the investment in it decreases and when the market is down, the investment in it becomes more. This gives investors a better return.
Aditya Birla
at number four is Aditya Birla Fund House at number four in the mutual fund industry of the country. Its AUM has been 2.72 lakh crores. At number five is Kotak Mutual Fund. Its AUM is 2.42 lakh crore rupees. At number six is Nippon Life, whose AUM is 2.35 lakh crore rupees. At seventh place is Axis Mutual Fund. Its AUM is 1.99 lakh crore rupees. At number eight is UTI Mutual Fund which is worth Rs 1.82 lakh crore.
