)
Fund houses facing trouble over their debt exposures continued to see a sharp drop in assets in the June quarter. Their larger peers, though, increased market share as investors sought larger-sized schemes for liquidity comfort.
IDBI Mutual Fund (MF) and DHFL Pramerica MF saw the sharpest de-growth in assets. Both saw average assets under management (AUM) fall 30 per cent in the quarter. JM Financial MF and BOI AXA MF saw their AUM fall 11-13 per cent, compared to previous quarter.
Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets. HDFC MF
IDBI Mutual Fund (MF) and DHFL Pramerica MF saw the sharpest de-growth in assets. Both saw average assets under management (AUM) fall 30 per cent in the quarter. JM Financial MF and BOI AXA MF saw their AUM fall 11-13 per cent, compared to previous quarter.
Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets. HDFC MF
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