SBI Mutual Fund is at the top in terms of AUM in the country’s mutual fund industry. At the same time, ICICI Prudential Mutual Fund has secured the second position, excluding HDFC Mutual Fund. The SUM of SBI Mutual Fund stood at Rs 5.11 lakh crore in April.
New Delhi: SBI Mutual Fund is at the top in terms of AUM in the country’s mutual fund industry. At the same time, ICICI Prudential Mutual Fund has secured the second position, excluding HDFC Mutual Fund. The SUM of SBI Mutual Fund stood at Rs 5.11 lakh crore in April. At the same time, the asset under management of HDFC Mutual Fund i.e. AUM stood at Rs 4.07 lakh crore. At the same time, AIC of ICICI Prudential Mutual Fund stood at Rs 4.13 lakh crore.
Aditya Birla is at number four in the country’s mutual fund industry with an AUM of Rs 2.72 lakh crore. At the same time, in fifth place is Kotak Mutual Fund. Its AUM stands at Rs 2.42 lakh crore. In sixth place is Nippon Life. Its AUM is at Rs 2.35 lakh crore. At number seven is Axis Mutual Fund. The AUM of the company is Rs 1.99 lakh crore. UTI is at the eighth position in this list. The company has asset under management (AUM) of Rs 1.82 lakh crore.
In the past year, ICICI Prudential Mutual Fund’s performance in equities, debt and hybrid schemes has outperformed the former. This fund house has focused only on papers rated AA and AAA. This has enabled it to give positive returns to debt investors.
