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Top 10 MF fund houses record double-digit growth in assets in Sept qtr

Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion

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Franklin was the only top MF to see contraction in assets — slipping 0.8 per cent to Rs 80,007 crore — pushing it out of the top 10

Ashley Coutinho Mumbai

1 min read Last Updated : Oct 06 2020 | 12:56 AM IST

Most of the top 10 fund houses posted double-digit growth in assets during the September quarter. Axis MF posted the highest growth in percentage terms, with assets up 16.4 per cent at Rs 1.56 trillion, followed by UTI MF, which rose 16.1 per cent to Rs 1.55 trillion. SBI MF continued to occupy top spot with average assets under management (AAUM) of Rs 4.22 trillion and the highest gain in AAUM of Rs 57,207 crore. HDFC MF (Rs 3.76 trillion) and ICICI Prudential MF (Rs 3.68 trillion) followed.

Franklin was the only top MF to see contraction in assets — slipping

Topics : Mutual Funds

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