Mutual fund AUM grows 3.3% sequentially in June qtr, smaller AMCs see churn

Amfu data shows fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were top performers in terms of average AUM accretion

The average assets under management (AAUM) for the domestic mutual fund (MF) industry grew 3.3 per cent quarter-on-quarter to Rs 33.14 trillion during June 2021. Most large asset management companies (AMCs) saw their assets grow in line with the industry. However, several mid-and small-sized AMCs saw huge churn in their assets.

The data from Association of Mutual Funds in India (Amfi) shows that fund houses such as Quant MF, Trust MF, ITI MF, PPFAS MF and PGIM India MF were the top performers in terms of AAUM accretion. Quant MF saw its AAUM more than double 127 per cent albeit