UTI MF's AUM jump Rs 4,800 cr in Feb

The country's fourth-largest fund house UTI MF saw an addition of Rs 4,800 crore to its assets under management (AUM) in February.

UTI MF witnessed a surge of Rs 4,800 crore in its average assets under management (AAUM), while Axis MF saw its AUMs grow by Rs 1,113 crore in the month, according to the latest data available on with the Association of Mutual Fund of India (AMFI).

At the end of February, the AUMs with UTI MF stood at Rs 79,310 crore, while Axis MF had assets worth Rs 3,754 crore.

However, monthly AUM figures of many MFs, including the country's largest fund house Reliance MF, ICICI Prudential MF and HDFC MF were not available on the website.

The combined average AUM of the 26 fund houses, which have so far provided the AUM data stands at Rs 3,14,437 crore.

Last month, the total average AUM of 37 fund houses had dipped  by 4.13 percentage point to Rs 7.61 lakh crore.

Fund houses which saw an increase in their average AUMs in February include Canara Robeco MF, Religare MF, JM Financial MF, Fortis MF and Franklin Templeton MF.

During February, the BSE Sensex dipped 0.44 per cent to 16,429.55 points as volatility increased in markets across the world.

The AUMs of HSBC MF fell by Rs 331 crore to Rs 6,894 crore in February. Other fund houses that saw a decline in their assets include Fidelity MF, ING MF, LIC MF, Sundaram BNP MF and Bharti AXA MF.