The Indian mutual fund industry grew its assets by 11 per cent (Rs 85,000 crore), to Rs 8.78 trillion (US$ 141.13 billion) in 2013 from Rs 7.93 trillion (US$ 127.46 billion) in 2012. Large fund houses led the growth in average assets under management (AUM).
HDFC Mutual Fund, with AUM of Rs 1.09 trillion (US$ 17.52 billion) at the end of 2013 and a 7.5 per cent growth from 2012, led among 44 fund houses, according to data from the Association of Mutual Funds in India (AMFI). As of 30 June 2013, the Indian mutual fund industry manages assets worth approximately Rs.847,000 crores. There are around 46 Mutual Funds as of June 2013 under the Indian Mutual Funds Industry tag.