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Aditya Birla Sun Life Makes A Comeback As India’s Third Largest Asset Manager

Birla Sun Life Mutual Fund has once again become India’s third-largest fund house by asset under management.

Indian rupee coins are displayed for a photograph in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg News)
Indian rupee coins are displayed for a photograph in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg News)
Aditya Birla Sun Life Makes A Comeback As India’s Third Largest Asset Manager

Aditya Birla Sun Life Mutual Fund has overtaken rival Reliance Mutual Fund to once again become India’s third-largest fund house by asset under management.

The fund house’s assets grew 2.65 percent year-on-year to Rs 2.48 lakh crore, surpassing the Rs 2.45 lakh total AUM of Reliance Mutual Fund. Meanwhile, its market share has grown 8 basis points to 10.73 percent on a yearly basis as of March 31.

The Aditya Birla group company had lost the third spot to Reliance Mutual Fund in 2005.

ICICI Prudential Mutual Fund still remains India’s largest asset management company with an AUM of Rs 3.06 lakh crore, followed by HDFC Mutual Fund at Rs 3 lakh crore.