Smaller AMCs, which have had troubles with debt exposures, continued to see sharp erosion of assets in the December quarter. PGIM India MF saw an asset erosion of 62 per cent on a year-on-year (YoY) basis, with its average assets under management (AUM) slipping to Rs 4,042 crore in the December quarter.
For Indiabulls MF, its AUM declined 61 per cent YoY to Rs 1,452 crore in the quarter. Among the larger players, Nippon India MF saw its asset base shrink 13.5 per cent to Rs 2.04 trillion. Meanwhile, fund houses gaining traction for their equity schemes performance saw a strong jump …
Source: Business Standard
