HDFC Mutual Fund overtook ICICI Prudential MF to become India’s largest AMC
- HDFC Mutual Fund entity overtook ICICI Prudential MF to
become the country’s largest asset management company (AMC).
- 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.
- This was disclosed in the latest data available with
Association of Mutual funds in India (AMFI).
- HDFC MF was the
largest asset manager since October 2011 and it held the top position till
March 2016, when ICICI prudential MF had overtaken the top spot.