Among the top three fund houses, SBI MF added another Rs 23,718 crore of assets. HDFC MF and ICICI MF
added Rs 20,238 crore and Rs 17,487 crore, respectively. These fund houses gained the most in terms of absolute assets. However, Reliance MF saw its asset base shrink Rs 11,020 crore in the June quarter. UTI MF, meanwhile, saw its asset size reduce by Rs 1,828 crore.
In percentage terms, mid-sized fund houses such as Mirae AMC, IDFC MF and Axis MF saw a sharp spurt in assets. For Mirae MF — which is known for its conservative investment approach — AUM increased by 21 per cent.
IDFC MF and Axis MF also saw their AUM jump 18 per cent and 14 per cent, respectively.