Reliance MF overtakes ICICI Pru as largest fund house

Reliance MF overtakes ICICI Pru as largest fund house
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First Published: Tue, Apr 03 2007. 05 57 PM IST
Updated: Tue, Apr 03 2007. 05 57 PM IST
PTI
Mumbai: Reliance Mutual Fund has regained its position as the country’s biggest fund house while overtaking the incumbent leader ICICI Prudential by a huge margin in terms of assets under management.
The total assets under management of Reliance MF, an Anil Dhirubhai Ambani Group company, rose to Rs46,306.77 crore at the end of March, making it the country’s first fund house with total assets of over $10 billion.
The AUM of ICICI Prudential, which had replaced Reliance MF as the country’s biggest fund house in February, totalled Rs37,869.58 crore at the end of last month, data available with Association of Mutual Funds in India shows.
ICICI Pru’s AUM dropped from Rs43,280.67 crore in February, while that of UTI MF fell from Rs 38602.99 crore in February to Rs35,582.65 crore last month.
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First Published: Tue, Apr 03 2007. 05 57 PM IST
More Topics: Money Matters | Mutual Funds |