Kotak Mahindra Mutual Fund leads the list of top gainers, while Franklin Templeton lost the most. UTI Mutual Fund continues to dominate the list of richest AMCs
Top Five Gainers
1. Kotak Mahindra Mutual Fund heads the list of gainers in terms of Assets Under Management for the month of February. The fund house's assets swelled by an impressive Rs 1124.31 crore, a gain of 18.56 per cent.
2. Standard Chartered Mutual Fund added Rs 725.47 crore.
3. SMILE fund IPO brought a smile to Sundaram Mutual Fund. The fund house secured third place with its assets increasing by Rs 356.35 crore.
4. Reliance Capital Mutual Fund added Rs 342.57 crore.
5. Birla Sun Life too added Rs 269.97 crore.
Top Five Losers
1. Here is a surprise. Franklin Templeton Mutual Fund lost the most--Rs 393.24 crore during the month. However, such losses might be quite short lived as the fund house recently completed the IPO of its Flexicap fund which has created history by mopping up Rs 1,950 crore.
2. Second biggest loser for the month was Prudential ICICI Mutual Fund which shed Rs 386.21 crore of its assets.
3. Principal Mutual Fund's assets declined by Rs 384.66 crore.
4. LIC Mutual Fund is the fourth biggest loser. The assets of the fund house dropped by Rs 332.51 crore.
5. JM Mutual Fund shed Rs 257.86 crore in February.
The Five Richest AMCs
There's no change in the rankings of the biggest five fund houses this month. UTI Mutual Fund continues to lead with an AUM of Rs 20836.07 crore.
Prudential ICICI Mutual Fund (Rs 16214.34 crore), Franklin Templeton (Rs 15015.91 crore), HDFC Mutual Fund (Rs 14574.65 crore) and Birla Sun Life Mutual Fund (Rs 10195.35 crore) are the next in the list.
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