The mutual fund industry posted a 4.12 per cent rise in its average asset under management (AUM) to Rs 6,92,180.48 crore in the first quarter of the current financial year over the preceding quarter.
Average AUM of the industry stood at Rs 6,64,791.56 crore during the January-March quarter (Q4 of last fiscal).
However, average AUM reported in Q1 of FY13 was a drop of 6.92 per cent compared the year ago period when the AUM stood at Rs 7,43,719.40 crore.
As per the data from MF industry body, Association of Mutual Funds in India (Amfi), HDFC Mutual Fund retained its pole position with an average AUM of Rs 92,624 crore, followed by Reliance MF (Rs 80,694 crore), ICICI Prudential MF (Rs 73,049.66 crore), Birla Sunlife MF (Rs 67,205.95 crore) and UTI MF (Rs 60,922.61 crore).
Among the top fund houses, HDFC, Reliance, ICICI Prudential, Birla Sunlife and UTI have improved their average AUMs in the reported quarter.
Notably, among the top five asset management companies (AMCs), Birla MF has seen significant inflows of around Rs 6,000 crore, which is close to 10 per cent rise in average AUM, to Rs 67,205.95 crore.
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Similarly, SBI Mutual Fund reported a rise in AUM by around Rs 5,142 crore during the period. "We hope to maintain the momentum in the current quarter," said Deepak Chatterjee, Managing Director, SBI Mutual Fund.
Fund houses like Axis, Fidelity, IDBI, Kotak Mahindra and L&T, among others, witnessed a decline in their quarterly AUMs.