Reliance MF emerges top private mutual fund
03 Jan 2007
Mumbai: UTI MF retained its leading position across both public and private sector funds in December, with the highest AuM of Rs38,108.50 crore.
Anil Ambani''s Reliance Mutual Fund, aided by collections from its newly launched Long-Term Equity Fund, replaced Prudential ICICI MF as the country''s largest private sector mutual fund house.
The assets under management (AuM) of Reliance MF increased to Rs36,927.92 crore in December 2006, making it the top private mutual fund, followed by Prudential ICICI MF emerged next with AuM of Rs33,304.57.
HDFC Mutual Fund was at the fourth slot with AuM of Rs29,635.28 crore, followed by Franklin Templeton MF at Rs23,403.15 crore.
The total AuM of all 30 mutual funds in December were Rs323,601.79 crore, down from Rs340,150.18 crore in November. After including the Fund of Funds, the total AUM stood at Rs 3,25,896.12 crore for December.