HDFC MF Pips ICICI Prudential MF To Become Largest Fund House

As per AMFI data, with assets under management worth Rs. 3.35 lakh crore HDFC Mutual Fund has regained its top position as the largest AUM after two years time, surpassing ICICI Prudential MF that manages Rs 3.08 lakh crore.

For the last quarter ended December, assets under management under HDFC MF have increased by over 9% in comparison to the previous quarter. While in the case of ICICI Prudential, assets under management declined by as much as 0.6%.

In the list of leading mutual fund house in the country, SBI MF ranks third with AUM of Rs 2.64 lakh crore, followed by Aditya Birla and Reliance MF that have AUM worth Rs 2.42 lakh crore and Rs 2.36 lakh crore, respectively.

Together the mutual fund industry commands total AUM of Rs. 23.61 lakh crore as at the end of December. AMCs expect the mutual fund industry to register strong growth this year given SEBI's latest moves that will enable greater penetration of mutual funds.

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