SBI Mutual Fund asset base crosses Rs 5 trillion-mark in March quarter

The AAUM growth has been achieved on the back of a robust increase in the SIP (systematic investment plan) book and penetration in T30 and B30 locations, the fund house said
SBI Mutual Fund (MF) on Thursday said its asset base has crossed Rs 5 trillion-mark in the March quarter, becoming the first fund house in the country to achieve such a feat.

The fund house's average asset under management (AAUM) rose to Rs 5.04 trillion in 2020-21 from Rs 3.73 trillion in the preceding fiscal, recording a growth of 35 per cent, SBI MF said in a statement.

In the December quarter, SBI MF had an asset base of Rs 4.56 trillion .

The AAUM growth has been achieved on the back of a robust increase in the SIP (systematic investment plan) book and penetration in T30 and B30 locations, the fund house said.

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.
Apart from SBI MF, other top players also saw growth in their respective asset base in the March quarter compared to the preceding three months.

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.

ICICI Prudential MF at the third position recorded an average AUM of Rs 4.05 trillion in the three months ended March 2021, compared to Rs 3.8 trillion in the previous 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 .

The asset base of Kotak Mahindra MF soared to Rs 2.33 trillion at the end of the March quarter, as against Rs 2.16 trillion in the three months ended December 2020.

Nippon India MF's average AUM rose to Rs 2.28  trillion in the March quarter from Rs 2.13 trillion in the preceding quarter.

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.

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