08.29.06
Prudential ICICI MF /ahead of UTI MF
Prudential ICICI MF /ahead of UTI MF
Prudential ICICI Mutual Fund (MF) and UTI MF are competing hard for number one position in the mutual fund business with the gap in asset under management (AUM) by the two fund houses narrowing down to just Rs 28 crore at Rs 30,143 crore for Prudential ICICI to Rs 30,115 crore managed by UTI as of June 30, 2006. Anil Ambani-owned Reliance MF was placed at third position with a gap of Rs 3,801 crore with AUM of Rs 26,314 crore among the 29 MF houses as of June 30 as per the latest data released by Association of Mutual Funds in India(AMFI).