Which mutual fund has highest AUM in India?
Which mutual fund has highest AUM in India?
SBI Mutual Fund
SBI Mutual Fund retained the mantle of being the largest fund house in terms of assets. Its assets under management, or AUM, grew by Rs 1.03 lakh crore, from Rs 3.52 lakh crore in December quarter 2019 to Rs 4.56 lakh crore in December quarter 2020.
What is the AUM of mutual fund industry?
Assets under management (AUM) for the domestic mutual fund (MF) industry are expected to soar to Rs 92 trillion by 2029-30. This will imply growth of 12.7 per cent annually between FY21 and FY30. The industry’s AUM at the end of June 2021 quarter stood at Rs 34 trillion.
How many mutual fund houses are there in India?
There are 44 asset management companies (AMCs) or mutual fund houses operating in India.
Which is the largest fund house in India?
MUMBAI: India’s largest fund house, SBI Mutual Fund, notably increased its exposure to power stocks in May on a likely bet that this space may see a similar re-rating as was witnessed by other beaten-down sectors like steel, capital goods and pharmaceuticals in 2020.
Which mutual fund is best for 2020?
Synopsis
| Scheme name | Percentage (%) |
|---|---|
| Axis Bluechip Fund – G | 25 |
| ICICI Prudential Bluechip Fund – G | 15 |
| Motilal Oswal Multicap 35 Fund – G | 10 |
| Aditya Birla Sun Life Regular Savings Fund -G | 50 |
Which mutual fund has highest AUM?
Fund House
| Scheme Name | Current NAV | Scheme AUM ₹ Cr. |
|---|---|---|
| SBI – ETF Nifty 50 | 0.00 | 46,140.53 |
| Kotak Standard Multicap Fund – Growth | 0.00 | 16,772.08 |
| HDFC Mid-Cap Opportunities Fund – Growth | 0.00 | 16,651.65 |
| SBI – ETF Sensex | 0.00 | 14,774.84 |
Which fund house is best?
Top Fund Houses
| Fund House | Total Schemes | Scheme Options |
|---|---|---|
| HDFC Mutual Fund | 112 | 635 |
| ICICI Prudential Mutual Fund | 205 | 1022 |
| SBI Mutual Fund | 110 | 500 |
| Aditya Birla Sun Life Mutual Fund | 137 | 711 |
Which SBI MF is best?
Top 10 Sbi Mutual Funds
| Fund Name | Category | 1Y Returns |
|---|---|---|
| SBI Bluechip Fund | Equity | 53.9% |
| SBI Flexicap Fund | Equity | 57.4% |
| SBI Banking & Financial Services Fund | Equity | 54.4% |
| SBI Focused Equity Fund | Equity | 54.1% |
Is Axis Bluechip fund good?
Axis Bluechip Fund has a moderately high risk. It has good long term returns. If you are an aggressive investor and looking for good returns over the long term, you can choose the scheme. You can visit Axis Mutual Fund investment platforms and start investing in this scheme through SIP or lumpsum.
What is the average AUM of mutual funds in India?
Average Assets Under Management (AAUM) of Indian Mutual Fund Industry for the month of March 2021 stood at ₹ 32,17,195 crore. Assets Under Management (AUM) of Indian Mutual Fund Industry as on March 31, 2021 stood at ₹31,42,764 crore.
What does Aum mean for a mutual fund?
AUM or Assets Under Management refers to the total market value of the assets that are being managed by the mutual fund. Simply put, assets under management or fund size are the overall value of the capital held by the mutual fund in the current market.
Are there any mutual fund houses in India?
Mutual Fund houses in India are one of the most important pillars of the mutual fund industry. Their performance, legitimacy and management quality is essential for the success of the industry. There are at least 44 AMCs in India.
Which is the second largest mutual fund in India?
It was India’s second fund house after Unit Trust of India which started operations in 1963. Due to the size of the assets managed by SBI MF, it is one of the top 10 mutual funds in India. HDFC MF is the second-largest AMC by AUM. The fund house was founded in 1999. It became a publicly listed company in August 2018.