Assets with Portfolio Managers Rise to Rs 7.79 Lakh Cr in Apr
By PTI | Published: 27th May 2014 05:31 PM |
NEW DELHI: Assets Under Management of portfolio managers for high networth individual or HNI investors rose to Rs 7.79 lakh crore in April from the preceding month.
According to latest update with the Securities and Exchange Board of India (Sebi), the assets under management of portfolio managers increased to Rs 7,78,711 crore at the end of April, from Rs 7,68,326 crore in March.
The AUM had touched a record level of Rs 9,58,121 crore in August last year.
The total AUM has nearly doubled since the data was first released by Sebi in December 2010.
In April, portfolio managers individually handled assets worth Rs 5.94 lakh crore for discretionary services, Rs 1.44 lakh crore for advisory services and another Rs 40,644 crore for non-discretionary investments.
Of the total AUM, Rs 4.69 lakh crore is contributed by funds from the Employees' Provident Fund Organisation (EPFO) and Provident Funds.
The number of clients has significantly declined from the levels seen in December 2010.
Portfolio managers accept investments of up to Rs 25 lakh or stocks worth this level.
As per Sebi data, portfolio managers handled debt assets to the tune of Rs 4.86 lakh crore, and listed and unlisted equities worth Rs 21,828 crore at the end of April.
In addition, portfolio managers managed AUM worth about Rs 8,755 crore of mutual funds during the period.