UTI Mutual Fund, the leader in the mutual fund sector for the last several years, has been unseated as top fund house in India in terms of total assets under management
Written by Enseconomicbureau
Mumbai |
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UTI Mutual Fund, the leader in the mutual fund sector for the last several years, has been unseated as top fund house in India in terms of total assets under management (AUM).
Prudential ICICI AMC has emerged as the largest mutual fund, having recorded AUM of Rs 32,151 crore, as per figures released by the Association of Mutual Funds of India (AMFI) for the month ended May 2006.
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PruICICI has added Rs 4,648 crore during the month of May. This is the first time that a private sector asset management company has topped the mutual fund category in terms of funds under management.
