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Friday, March 21, 2014

Assets with portfolio managers rise to Rs 7.52 lakh crore in February 2014

Assets under management (AUM) of portfolio managers have increased by Rs 19805 crore to Rs 7.52 lakh crore in February, as per Sebi data, the third highest after rising to Rs 9.58 lakh crore in August 2013 and 7.9 lakh crore in July 2013. 

Assets under management of portfolio managers have gone up from Rs 7,32,970 crore in January 2014 to Rs 7,52,775 crore at the end of February 2014. 

The total AUM has increased by more than 100% when compared with Rs 3.63 lakh crore in December 2010, since the data was first released by Sebi. 

In February, portfolio managers individually handled assets worth Rs 5.75 lakh crore for discretionary services, Rs 1.38 lakh crore for advisory services and another Rs 39,277 crore for non-discretionary investments. 

Of the total AUM, Rs 5.35 lakh crore is contributed by funds from the Employees' Provident Fund Organisation (EPFO) and Provident Funds. 

Besides, the number of clients for portfolio managers has increased to 58,022 in February from 57,952 in the preceding month. However, the number of clients has significantly declined from the highest level of 84343 seen in October 2011. 

According to Sebi data, portfolio managers handled debt assets to the tune of Rs 5.66 lakh crore, and listed and unlisted equities worth Rs 26,599 crore at the end of February.
In addition, portfolio managers managed AUM worth about Rs 8,710 crore of mutual funds during the period.
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