Mutual fund industry’s asset base rose by 12 per cent to Rs 27.6 lakh crore during the September 2020 quarter, primarily on account of a rebound in markets.

The average asset under management (AAUM) of the industry, comprising 45 players, was at Rs 24.63 lakh crore in April-June quarter this year, according to data by Association of Mutual Funds in India (Amfi).

All top 10 fund houses — SBI MF, HDFC MF, ICICI Prudential MF, Aditya Birla Sunlife MF, Nippon India MF, Kotak MF, Axis MF, UTI MF, IDFC MF and DSP MF — witnessed an increase in their respective average AUMs during the September quarter.

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