Assets with portfolio managers rise to Rs 7.79 lakh crore

The total number of clients for portfolio managers fell to the lowest level since December 2010

Assets under management (AUM) of portfolio managers have risen to Rs. 7.79 lakh crore in April 2014, according to the latest data available with the Securities and Exchange Board of India (Sebi).

Assets under management of portfolio managers have gone up from 768326 crore in March to Rs. 778711 crore at the end of April. They had touched a record level of Rs. 958121 crore in August, 2013. The total AUM has nearly doubled since the data was first released by Sebi in December, 2010.

In April, portfolio managers individually handled assets worth Rs. 5.05 lakh crore for discretionary services (including funds from EPFO/PF), Rs. 78693.38 crore for advisory services and another Rs. 28123.2 crore for non-discretionary investments.

Of the total AUM, Rs. 4.69 lakh crore is contributed by funds from the Employees' Provident Fund Organisation (EPFO) and Provident Funds (PFs).

However, the number of clients for portfolio managers has decreased to 56330 in April 2014 from 57477 in the preceding month, marking the lowest number since December 2010. Moreover, the number of clients has significantly declined from the levels seen in December, 2010.

According to Sebi data, portfolio managers handled debt assets to the tune of Rs. 4.87 lakh crore, and listed and unlisted equities worth Rs. 21827.89 crore at the end of April.

In addition, portfolio managers managed AUM worth about Rs. 8754.91 crore of mutual funds during the period.

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