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AUM Rise to Rs 5.45 lakh Crore

Stock Market stability and FMPs lead to AUM surge

August proved to be a good month for the funds. Every fund category gained barring the bunch of Gold ETFs. The growth in value and new inflows in funds lead to 2.75% growth in the assets managed by 34 mutual fund companies. 24 of these 34 fund companies reported a growth in their AUM. Together their AUM (Assets Under Management) grew by Rs 14,630 crore to a total Rs 5,45,440 crore in August.

Reliance Mutual retained its position as the largest fund house in terms of assets under management and has grown its assets by 5 per cent to Rs 88,616 crore.

HDFC Mutual Fund has replaced ICICI Prudential as the second largest fund house with total assets of Rs 53,859 crore with a 6% growth from July. ICICI Prudential slipped from second to third position as it shed nearly 4% of its assets. Its AUM in August end was Rs 53,093 crore.

UTI Mutual Fund has retained its position as the fourth largest fund house with its asset at Rs 46,947, even though it added Rs 827 crore in August.

Other notable changes this month was 13% AUM growth of Franklin Templeton which grew by Rs 3276 crore. AUM of Benchmark Mutual was up 29% to Rs 3826 crore. Bharti AXA the new entrant grew its assets to Rs 408 adding Rs 180 crore in August. AUM of Taurus Mutual was up 30% as it added Rs 85 crore in August.