Fund houses that rode the boom

Assets under management (AUM) of domestic mutual funds (MFs) in 2016-17 rose 36 per cent to Rs 18.35 lakh crore, from Rs 13.46 lakh crore in 2015-16. Around 15 of the 42 asset management companies (AMCs) managed to grow at a faster clip. Among the top 15 fund houses, DSP BlackRock MF (AUM rose 62 per cent in 2016-17), Kotak Mahindra MF (57 per cent), Axis MF (53 per cent) and L&T MF (51 per cent) saw fastest growth. In FY17, with the exemption of DHFL Pramerica MF, most of the top 15 fund houses clocked a double-digit growth in their average AUM, data from the Association of ...

Click here to read more>>