HDFC MF Surpasses ICICI Prudential MF to Become Largest AMC in India

HDFC Mutual Fund has pipped ICICI Prudential MF to become the country’s largest asset management company after a gap of over two years. As of December-end, HDFC MF manages assets to the tune of Rs 3.35 lakh crore, while those of ICICI Prudential MF stood at Rs 3.08 lakh crore, as per the latest data available with Association of Mutual funds in India (Amfi).

The assets under management (AUM) of HDFC MF have grown over 9% in October-December quarter from the previous three-month period, however, ICICI Prudential MF’s AUM slipped by 0.6% during the period under review. 

Source- The Moneycontrol

 Static/Current Takeaways Important For IBPS Clerk Mains Exam:

  • Mr. Milind Barve is the Managing Director of HDFC MF. 
  • It headquarters in Mumbai. 

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