After witnessing a dip of around four per cent in January, the assets of the mutual fund industry increased by 2.65 per cent in February.
The total assets of the industry stood at Rs 781,033.2 crore, which is an increase of Rs 20,194.60 crore from January's figures - total assets of the industry peaked in November, 2009 at a record Rs 805,684.48 crore.
The number of fund houses, out of a total of 37, whose assets witnessed a dip has also come down in comparison to January - 14 registered a dip in their assets in February, while a month earlier 22 fund houses had dropped.
The worst-performers in February were AIG Global Inv Group Mutual Fund and Bharti AXA as their assets fell by 12.67 per cent and 12.01 per cent respectively. Escorts, Morgan Stanley ING and Mirae too fell by over 5 per cent.
The biggest fund house, Reliance MF, too found itself in the list of those whose assets dropped, by 1.28 per cent to Rs 115,753.4 crore in February.
However, the best-performer was Axis Asset Management Company (AMC), which saw its assets grow by 42.13 per cent to Rs 3,753.8 crore.
In terms of assets, HDFC and ICICI Prudential continued to hold the second and third positions with a total assets base of Rs 95,144.4 crore and Rs 80,555.07 crore, which is an increase of 0.37 per cent and 2.75 per cent, respectively.
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