SBI Mutual Fund widens lead as top asset manager in December quarter

The surge in debt inflows, steady performance across schemes, and the money from the Employees' Provident Fund Organisation (EPFO) are factors that have boosted SBI MF's assets, said market observers

SBI Mutual Fund has retained the top spot with average assets under management (AAUM) of Rs 4.6 trillion, and also widened the lead with HDFC MF, which came in the second position with assets of Rs 3.9 trillion, according to the December quarter data from the Association of Mutual Funds in India.

ICICI MF (Rs 3.9 trillion), Aditya Birla Sun Life MF (Rs 2.5 trillion), and Kotak Mutual Fund (Rs 2.2 trillion) make up the remaining three in the top five. Kotak MF was in the sixth spot in the September quarter.

In the December quarter of FY20, SBI MF was in