The entire AUM (belongings below administration) of the 4 funds crossed the Rs 1-lakh-crore mark on Tuesday evening and jumped additional by shut of Wednesday’s session that noticed the sensex add one other 1.2%, sources mentioned.
Whereas there are different fund managers accountable for over Rs 1-lakh-crore AUM, a considerable a part of these belongings are in debt devices, business knowledge confirmed. Amongst main fund managers, R Srinivasan of
MF and S Naren of MF additionally handle belongings price greater than Rs 1 lakh crore throughout fairness, debt and different devices, business knowledge confirmed.
HDFC Mutual Fund didn’t touch upon the milestone. The listed asset administration firm is inside the obligatory silent interval forward of its quarterly outcomes scheduled on Friday.
In line with knowledge collated from mutual fund business analytics agency NGEN Analysis, Balanced Benefit Fund had an AUM of Rs 43,079 crore, whereas Flexicap Fund had Rs 26,511 crore and HDFC Prime 100 Rs 19,910 crore as of June-end. About 25% of Balanced Benefit Fund’s AUM is in debt devices, newest fund portfolio knowledge confirmed.
Jain additionally has the distinctive distinction of being the primary Indian fund supervisor to handle a fund for over 25 years. Launched in 1994, he has been managing Balanced Benefit Fund since inception. In an earlier interplay with TOI, Jain had mentioned that about 25 years in the past, he was managing simply round Rs 120 crore price of belongings on this fund. In quarter of a century, the fund’s whole belongings have grown by over 350 occasions.