DSP BlackRock Investment Managers Private Limited, a joint venture between India's DSP Group and American investment corporation BlackRock, said that its assets under management (AUMs) under liquid funds stood at Rs. 10,895 crore as of Sept. 30, 2016, with an average AUM of Rs.10,463 crore for the month.
"We now manage/ advise Rs. 67,645 crore of assets across debt, equity and alternate investment products," it said in an update on Oct. 5, 2016.
DSP BlackRock Investment Managers, headed by Hemendra Kothari, is one of the 44 mutual fund houses in India and had Rs. 49,421 crore worth of assets under management (AUMs) across 31 schemes as of August 31, 2016.
Investments into equity schemes and equity-linked savings schemes (ELSS) of mutual funds more than almost tripled to a year-high of Rs. 6,505 crore in August, the fifth straight month of growth.
Total assets under management (AUMs) of 44 mutual funds of India stood at Rs. 15.63 lakh crore as of August 31, 2016.
Statistics released by the industry body Association of Mutual Funds in India (Amfi) showed that inflows into equity and ELSS have remained positive in the past 28 months, except March 2016.
"Consistent inflows over the past 28 months (except for a small outflow in March 2016) clubbed with mark-to-market gains pushed up the category's assets to a new high of Rs 4.67 trillion (Rs.4,67,000 crore) up 3.7 percent, in August," CRISIL Research had said in a note.