HDFC Mutual Fund has become the second asset management house to cross Rs 1 lakh crore mark in the domestic fund market and joined the bandwagon with Reliance Mutual Fund.
In November, the average asset under management (AAUM) of HDFC was Rs 1.02 lakh crore, as per the latest statistics declared by the Association of Mutual Fund of India (AMFI).
This is a rise of close to 10 per cent compared with the October performance of HDFC when the fund house's AUM stood at Rs 93,316 crore as assets under management.