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Our Bureau

Kolkata , Sept. 4

UTI Mutual Fund has regained the top position in the mutual fund league tables, figures released by the Association of Mutual Funds in India (AMFI) pertaining to August have indicated. Prudential ICICI MF and Reliance MF occupy the second and third slots, respectively.

The asset management industry at the end of August managed Rs 2,79,305 crore, excluding the assets under management (AUM) of fund of funds (FoF). These FoFs had Rs 1,648 crore under management. UTI MF managed Rs 35,027 crore, while Pru ICICI MF had Rs 34,118 crore and Reliance MF Rs 28,753 crore.

Incidentally, data related to two fund houses — Birla Sunlife MF and LIC MF — have not included here. AMFI has not explained why these are missing from its list.

As for average AUM for the month, the tally (excluding FoFs) stands at Rs 2,70,601 crore. The FoF category managed Rs 1,638 crore.

The industry, it is being pointed out, has recorded marked gains in August, thanks to collections made by fixed maturity plans (FMPs). A number of FMPs have been launched in recent days by quite a few fund houses.

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