Pru ICICI overtakes Reliance MF to become top fund house

02 Mar 2007

1
Mumbai: Prudential ICICI has become the country's largest fund house in February with assets under management of more than Rs43,000 crore, overtaking Reliance Mutual Fund.

According to latest data available with the Association of Mutual Funds in India, Pru ICICI with assets under management (AuM) at Rs43,280 crore last month had increased its AuM by Rs8,534.28 crore from its AuM of Rs34,745.72 in January.

Reliance MF, which was at the top last month, has moved down to the second spot with an AuM of Rs42,209 crore, ahead of UTI MF with AuM of Rs38,602 crore.

HDFC Mutual Fund follows at the fourth place with AuM of Rs31,079.88 crore and Franklin Templeton MF with Rs22,102.19 crore.

However, in terms of average assets under management for February Reliance MF remains on top at Rs43,586 crore, while that of Pru ICICI is Rs39,079 crore.

 

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers