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The total assets management by mutual funds has surged by around 23.43% in 2023, an analysis of AUM of mutual fund houses showed. The asset base in January was Rs 40.70 lakh crore, which rose to Rs 50.24 lakh crore in November.
ETMutualFunds also looked at mutual fund houses that have witnessed the highest increase in assets under management during the year. WhiteOak Mutual Fund witnessed the highest increase in asset base in 2023 by around 203.91%. The asset base of the fund house in January was Rs 2,151.25 crore that increased to Rs 6,537.92 crore in November. WhiteOak Mutual Fund launched its first scheme in 2022 after taking over Yes Mutual Fund.
Quant Mutual Fund witnessed an increase of 128.40% in asset base in 2023. The asset under management of the fund house increased by Rs 23,511.02 crore. Samco Mutual Fund recorded an increase of 76.47% in assets under management in 2023. The fund house manages assets of Rs 1,391.57 crore in November.
The asset base of Bank of India Mutual Fund surged by 75.52% in 2023. The asset under management of the fund house increased from Rs 3,361.90 crore in January to Rs 5,900.67 crore in November.
360 ONE Mutual Fund and Navi Mutual Fund witnessed an increase of 71% in the asset base.
There were around 43 fund houses in the mutual fund industry. ETMutualFunds considered only the top 10 fund houses that have witnessed the highest increase in asset under management in 2023.
Note, the above exercise is not a recommendation. The exercise was done to find which mutual fund house witnessed the highest increase in asset base. One should not make investment or redemption decisions based on the above exercise.
ETMutualFunds also looked at mutual fund houses that have witnessed the highest increase in assets under management during the year. WhiteOak Mutual Fund witnessed the highest increase in asset base in 2023 by around 203.91%. The asset base of the fund house in January was Rs 2,151.25 crore that increased to Rs 6,537.92 crore in November. WhiteOak Mutual Fund launched its first scheme in 2022 after taking over Yes Mutual Fund.
Quant Mutual Fund witnessed an increase of 128.40% in asset base in 2023. The asset under management of the fund house increased by Rs 23,511.02 crore. Samco Mutual Fund recorded an increase of 76.47% in assets under management in 2023. The fund house manages assets of Rs 1,391.57 crore in November.
The asset base of Bank of India Mutual Fund surged by 75.52% in 2023. The asset under management of the fund house increased from Rs 3,361.90 crore in January to Rs 5,900.67 crore in November.
360 ONE Mutual Fund and Navi Mutual Fund witnessed an increase of 71% in the asset base.
There were around 43 fund houses in the mutual fund industry. ETMutualFunds considered only the top 10 fund houses that have witnessed the highest increase in asset under management in 2023.
Note, the above exercise is not a recommendation. The exercise was done to find which mutual fund house witnessed the highest increase in asset base. One should not make investment or redemption decisions based on the above exercise.
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(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.