According to the analysts, UTI, Reliance, Prudential ICICI, HDFC and Franklin Templeton are top five big mutual funds and a household names in India. These five funds houses accounted for 47.9% of the total AUM of Rs 2.18 lakh crore in February 2006, they continued to account for approximately the same proportion in February 2007.
The total assets being managed by the mutual funds industry in India has risen by 63.1% in the last one year. But, the assets under management (AUM) are still concentrated with the big boys of the industry.
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