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The mutual fund industry took a hit of more than Rs 16,000 crore (Rs 160-billion) on its asset size during 2011, even as the newly-crowned market leader HDFC MF grew in size and consolidated its top position.
As per the latest quarterly data released by Association of Mutual Funds in India (AMFI), the cumulative average Asset Under Management (AUM) of all fund houses stood at about Rs 6,87,640 crore (Rs 6,876.40 billion) in the last quarter of 2011.
This marked a decline of Rs 16,040 crore (Rs 160.40 billion) from a total of Rs 7,03,680 crore (Rs 7,036.80 billion) in the first quarter or January-March period of 2011.
Here's a look at India's top 20 Mutual Funds in terms of Asset Under Management...
1. HDFC Mutual Fund
At the end of 2011, HDFC Mutual Fund retained its leadership position. HDFC MF was the only one among top five fund houses to register an increase in this period, as the remaining four saw their AUMs decline.
Average AUM: Rs 88,737.07 crore
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2. Reliance MF
Average AUM: Rs 84,300.35 crore
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3. ICICI Prudential MF
Average AUM: Rs 69,472.08 crore
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4. Sunlife MF
Average AUM: Rs 60,406.30 crore
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5. UTI MF
Average AUM: Rs 57,817.34 crore
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6. SBI Mutual Fund
Average AUM: Rs 42,107. 61 crore
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7. Franklin Templeton Mutual Fund
Average AUM: Rs 37,311.81 crore
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8. DSP BlackRock Mutual Fund
Average AUM: Rs 30,564.90 crore
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9. Kotak Mahindra Mutual Fund
Average AUM: Rs 30,202.62 crore
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10. IDFC Mutual Fund
Average AUM: Rs 27,252.99 crore
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11. Tata Mutual Fund
Average AUM: Rs 21,473.30 crore
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12. Sundaram Mutual Fund
Average AUM: Rs 14,774.77 crore
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13. Deutsche Mutual Fund
Average AUM: Rs 13,314.35 crore
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14. Religare Mutual Fund
Average AUM: Rs 11, 821.07 crore
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15. Fidelity Mutual Fund
Average AUM: Rs 8,880.46 crore