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Five MF’s Control Half of Mutual Fund Industry Assets

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The number of fund houses are increasing each year in the fast growing Indian economy but when it comes about the size, the top five players control over half of the country’s mutual fund business.

An analysis of average assets under management (AUM) by over 40 fund houses shows that the top five layers– Reliance MF, HDFC MF, ICICI MF, UTI MF and Birla Sun Life MF– together control more than half of the total assets managed by the MF industry in India.

The Indian mutual fund industry is valued worth Rs 7 lakh crore as per the latest data available with the industry association Association of Mutual Funds in India (AMFI).

And putting together, these top five fund houses own assets worth nearly Rs 4 lakh crore, which is about 55 per cent of the average AUM of all the fund houses.

Source: PTI

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