Today we will take a view of richest mutual funds in India by Assets Under Management.
In last 5 years its been tough time for equity mutual funds to grow the assets but there is significant increase in the AUMs of debt funds & liquid funds.
Few years back reliance was the top in the race but now HDFC mutual funds are ahead in terms of AUMs & topping the list since last few monts.
Top 5 AMCs by Asset Under Management:
To view actual numbers click on the link above.
Top 5 Mutual Fund Schemes by AUM:
Higher AUM means not necessarily higher returns but higher Assets can lead to cost saving to expenses of mutual fund schemes..there is significant reduction in expense ratio after AUM crosses 700 crores.
