ICICI Prudential Mutual Fund has raced past HDFC Mutual Fund to become the largest asset management company in the country. As on February 29, ICICI Prudential's assets under management (AUM) was at Rs174,439 crore, ending HDFC's near five-year dominance as the biggest mutual fund in assets. HDFC Mutual's assets as on February 29 was Rs170,410 crore.
As per data from Value Research, HDFC Mutual Fund has been the largest asset manager since October 2011, when it had raced past Reliance ..
