The total assets under management (AUM) of the mutual fund industry rose by over Rs 1.5 lakh crore to touch Rs 8.16 lakh crore in 2012-13.
The countrys 44 fund houses together had an average AUM of Rs 8,16,400 crore at the end of fiscal year ended March 31,2013,a 23 per cent rise during 2012-13 from Rs 6,64,792 crore in the preceding fiscal,according to latest data available with Association of Mutual Funds in India (AMFI).
Mutual fund assets have been growing since January-March quarter of 2012. The industrys total assets base was at Rs 7,86,543 crore in the October-December quarter of 2012-13. During the fiscal,the Sensex soared by about 8 per cent on positive measures taken by the government.
HDFC MF was the top fund house with an AUM of Rs 1,01,720 crore followed by Reliance MF in the second spot with Rs 94,580 crore assets. ICICI MF was third with Rs 87,835 crore assets. The month-end assets of gold ETFs crossed the Rs 12,000 crore mark for the first time.