There are 43 fund houses in India and their combined AUM (average assets under management) is exactly at Rs 770052675.17 crore, in April 2010 according to the data released by Association of Mutual Funds in India (AMFI). Every year we see an increase in number of fund houses as Indian economy is in right path of progress. In the year 2009 the number of fund houses were 36 and today it is 43, an increase of 7 new fund houses in less than 2 years of time.
Though the new fund houses are coming in market but their AUM (average assets under management) is not impressive as half of the country`s mutual fund business is managed by top 5 fund houses and Reliance Mutual Fund is on top with its 101576.60 crore AUM.
The list of top5 Mutual Fund houses as per their AUM is given below :-
|Fund House Name||AUM (average assets under management)
|1.||Reliance Mutual Fund||Rs 101576.60 crore|
|2.||HDFC Mutual Fund||Rs 86282.24 crore|
|3.||ICICI Prudential Mutual Fund||Rs 73466.10 crore|
|4.||UTI Mutual Fund||Rs 67188.82 crore|
|5.||Birla Sun Life Mutual Fund||Rs 63696.19 crore|
As mentioned above, India’s mutual fund industry is valued worth Rs 7 lakh crore and top 5 mutual find houses mentioned above are managing around Rs 4 lakh crore AUM. Google+