Monthly AUM figures show MF assets at Rs 8.51 lakh cr

Quarterly average AUM had come in at Rs 8.76 lakh cr

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The assets under management for the mutual fund industry were lower by over Rs.24,000 crore than the quarterly average assets under management reported by the industry body.

The data is not publicly available but was put together by ICRA Online, which provides mutual fund data and is part of the (rating agency) ICRA group of companies.

It shows that the 44-member mutual fund industry had Rs 8.51 lakh crore in AUM as of December 31, 2013. The quarterly average released by the industry body, the Association of Mutual Funds in India (AMFI) is Rs 8.76 lakh crore.

The difference between the figures is explained by the fact that the month-end figure looks only at data on one particular day. The industry data is an average of the assets under management over a three month period.

The top five mutual fund houses accounted for 53.99% of the Rs 8.51 lakh crore. The top ten accounted for 78.87%.

All the top three mutual fund houses had around Rs.1 lakh crore in assets. HDFC mutual fund had Rs.1.06 lakh crore, ICICI Prudential Mutual Fund had Rs 1 lakh crore while Reliance Mutual Fund had Rs 98,913 crore in assets under management as of December 31, according to ICRA online data.