Both HDFC MF and ICICI MF, saw dips of over 3 per cent in their respective asset base. Aditya Birla Sun Life MF maintained its fourth spot, with average assets declining marginally from Rs 2.5 trillion to Rs 2.48 trillion in March quarter. Nippon India MF also saw marginal growth, while keeping its fifth spot.
The overall growth for industry assets couldn’t be ascertained, with data of several other fund houses yet to be included in the data set published by Association of Mutual Funds in India, at the time of going to press. Jash Kriplani