SBI and 7 Other Mutual Fund Houses Face AUM Drop By Over Rs. 1,000 Crore in October
AUM (Asset Under Management) is the market value of the investments managed by a person or entity on behalf of clients. Eight mutual funds, i.e., SBI Mutual Fund, Mirae Asset Mutual Fund, Quant Mutual Fund, Canara Robeco Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, and PGIM India Mutual Fund, noticed a decline in AUM, which is more than Rs. 1,000 crore in October. Other than this, approx. 20 mutual fund houses face a decline in AUM.
SBI Mutual Fund
SBI, which is the largest fund house, faces the highest drop in AUM by Rs. 27,585 crore on a monthly basis. Its total AUM declined from Rs. 11.34 lakh crore in September to Rs. 11.06 lakh crore in October.
Mirae Asset Mutual Fund
This fund house faces a decline of Rs. 6,140 crore in AUM, dropping from Rs. 1.99 lakh crore in the month of September to Rs. 1.93 lakh crore in the month of October.
Quant Mutual Fund
Quant Mutual Fund faces a decline of Rs. 4,320 crore in AUM, dropping from Rs. 1.01 lakh crore in the month of September to Rs. 96791 crore in the month of October.
Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund House faces a decline of Rs. 4,298 crore on a monthly basis. Its total AUM declined from Rs. 11.16 lakh crore in September to Rs. 11.12 lakh crore in October.
Canara Robeco Mutual Fund
This fund house faces a decline of Rs. 3,852 crore on a monthly basis. Its total AUM declined from Rs. 1.10 lakh crore in September to Rs. 1.07 lakh crore in October.
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund experienced a significant monthly decline of Rs. 2,734 crore in AUM, dropping from Rs. 9.01 lakh crore in September to Rs. 8.98 lakh crore in October.
Axis Mutual Fund
This fund house faces a decline of Rs. 2,120 crore on a monthly basis. Its total AUM declined from Rs. 3.21 lakh crore in September to Rs. 3.19 lakh crore in October.
PGIM India Mutual Fund
PGIM India Mutual Fund faces a decline of Rs. 1,148 crore on a monthly basis. Its total AUM declined from Rs. 26597 crore in September to Rs. 25,448 crore in October.
