News From Press Top 10 MF fund houses record double-digit growth in assets in Sept qtr

Top 10 MF fund houses record double-digit growth in assets in Sept qtr

Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion

Business Standard Oct 6, 2020

Most of the top 10 fund houses posted double-digit growth in assets during the September quarter. Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion. SBI MF continued to occupy top spot with average assets under management (AAUM) of Rs 4.22 trillion and the highest gain in AAUM of Rs 57,207 crore. HDFC MF (Rs 3.76 trillion) and ICICI Prudential MF (Rs 3.68 trillion) followed.

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