News From Press Institutional inflows help HDFC MF regain top spot

Institutional inflows help HDFC MF regain top spot

Source: Business Standard Jan 12, 2018

Helped by institutional inflows, HDFC has regained the top spot in mutual fund rankings, overtaking ICICI mutual fund.

As per the December 31 end of period (EOP) assets under management (AUM), HDFC had assets worth Rs 2,93,011 crore, ahead of ICICI with Rs 2,82,068 crore.

Industry sources, however, said that rankings traditionally have been based on Q-AAUM, or the quarterly assets under management, published by the Association of Mutual Funds in India (AMFI) at the end of each quarter.

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