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| HDFC MF assets rise by over Rs 10,500 cr in Aug |
| Press Trust of India / New Delhi Sep 01, 2009, 21:38 IST |
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The country's fund houses saw an increase in the average assets under management (AUM) in August, with HDFC Mutual Fund registering the highest increase in its assets by Rs 10,508 crore.
As the average AUMs of the country's fund houses nears the historic Rs 7-lakh-crore mark, the country's largest fund house Reliance MF witnessed an addition of Rs 8,979.40 crore, while ICICI Prudential's AUM grew by Rs 4,638.30 crore in August, as per the Association of Mutual Fund of India (AMFI) data.
At the end of August, AUM with Reliance MF was at Rs 1,17,313.78 crore, and the the country's second largest fund house HDFC MF had an AUM of Rs 93,874.19 crore. Besides, ICICI Prudential MF had assets worth Rs 77,966.86 crore at the end of last month.
However, monthly AUM figures of many fund houses, including AIG Global Investment Group MF and Sahara MF, were not available on the website.
The combined average AUM of the 31 fund houses, which have so far provided the AUM data stands at Rs 6,92,711.77 crore.
In July, the total average AUM of 36 fund houses had surged nearly 3 per cent to Rs 6,89,946.12 crore.
Fund houses which saw an increase in their average AUM in August include Canara Robeco MF, Deutsche MF, IDFC MF, Religare MF and LIC MF.
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