MFs net Rs20,000 crore in October 2006
02 Nov 2006
New Delhi: Mutual fund investors have made domestic mutual funds richer by Rs20,000 crore in assets in October 2005, thanks to spiral of the stock markets after the decline in May this year.
This takes the total assets under management (AuM) of the country's 30 mutual fund houses have past Rs300,000 crore. According to the Association of mutul Funds of India (AMFI), the total AuM for October was Rs3.09 lakh crore as against Rs2.90 lakh crore in September.
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UTI Mutual Fund retained its top position with an AuM of Rs37,789 crore, and an increase of about Rs3,000 crore
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ICICI Prudential Mutual Fund has also maintained its second position with an AuM of Rs32,664 crore, (excludes assets held under Fund of Funds schemes)
- Reliance Mutual Fund continues to hold the third position with AuM of Rs31,577 crore
- HDFC Mutual Fund at fourth position with AuM of Rs27,552 crore
- Franklin Templeton Mutual Fund with assets worth Rs 23,920 crore was ranked fifth.
The AuMs of nine mutual funds declined during the month.