Key Points
Premium AUM of India's top AMC SBI Mutual Fund is below one per cent of top US AMC..
India's top asset management companies (AMCs) such as SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Nippon India MF, and others rank much below than the top US AMCs such as Blackrock, Vanguard etc, in terms of asset under management (AUM)..
As per data shared by Veliyath, the AUMs of India's top fund houses rank even below the top 10 AMCs based in US..
On the other hand, the AUMs of the top US-based AMCs including Morgan Stanley, JPMorgan, and Goldman Sachs stand at $3,000 billion, $2,700 billion, and $2,500 billion respectively..
In February, the total AUM of mutual funds saw a 3.42 per cent increase, reaching 54.54 lakh crore compared to 52.74 lakh crore in January..
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