The fund house's SIP book increased to Rs 1,382 crore from Rs 1,180 crore over the last year, registering a growth of 17 per cent.
HDFC MF, which is at the second position, saw its asset base rising to Rs 4.15 trillion during the period under review from Rs 3.89 trillion in the December quarter.
Aditya Birla Sunlife MF, the fourth largest fund house, has seen its average AUM growing to Rs 2.7 trillion from Rs 2.55 trillion .
Overall, the asset base of the 43-player mutual fund industry rose to more than Rs 32 trillion at the end of March quarter from Rs 29.71 trillion at December-end.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.