The huge run-up in the capital markets last month resulted in assets under management (AUM) of mutual funds gaining three per cent to ₹9.09 lakh crore in the March quarter against ₹8.82 lakh crore recorded in the December quarter, according to the latest data compiled by the Association of Mutual Funds in India.

HDFC MF retains rank The 47 active mutual funds have registered total AUM of ₹8.23 lakh crore in the March quarter of financial year 2012-13.

HDFC Mutual Fund retained its top position with average assets in the March quarter increasing 4 per cent to ₹1.13 lakh crore, from ₹1.09 lakh crore in the December quarter. Baroda Pioneer registered 11 per cent rise in AUM due to investor addition.

ICICI Prudential registered a growth of 9 per cent in AUM at ₹1.06 lakh crore, while Reliance MF was up 1 per cent at ₹1.05 lakh crore (₹1.04 lakh crore).

The top three mutual funds — Reliance MF, ICICI Prudential MF and HDFC MF — together managed about 38 per cent of the total assets of the industry, according to AMFI data.

AUM of 24 MFs dips Birla Sun Life MF and State Bank MF recorded increase of 5 per cent and 1 per cent respectively, at ₹89,136 crore (₹85,086 crore) and ₹66,311 crore (₹65,415 crore).

The average AUM of 24 mutual funds dipped in the March quarter compared with the same quarter last year, eroding the value of investors’ investments. Twenty eight mutual funds had assets under ₹10,000 crore, while six had assets above ₹50,000 crore.

During the financial year ended March, the total asset base of the entire mutual fund industry grew by over ₹40,000 crore, from ₹8.6 lakh crore at the end of financial year 2013-14.

Jaideep Bhattacharya, Managing Director, Baroda Pioneer AMC, said:

“We have done reasonably well in 2013-14 and we are hopeful of sustaining the momentum with expectations of equity and debt market doing well.”

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