Indian mutual fund industry recorded a solid growth of 35.83% or Rs 3.24 trillion in average asset under management (AAUM) during the April-June 2015 quarter to Rs 12.28 trillion from Rs 9.04 trillion during the same period last year. Growth in AAUM was supported by 9.3% gain the benchmark 30-share index Sensex from June last year.

On sequential basis, AAUM of mutual fund houses increased 3.33% or Rs 395.51 billion from Rs 11.87 trillion during the January-March 2015 period. 

HDFC Mutual Fund has retained the top spot with AAUM of Rs 1.65 trillion for the April-June 2015 quarter, registering a rise of 26.9% on year-on-year basis and 2.09% sequentially. ICICI Prudential has retained second place with Rs 1.56 trillion for the first quarter, up 31.74% on year-on-year basis and 4.69% sequentially. 

Reliance has retained third place with Rs 1.45 trillion for the April-June 2015 quarter, registering a rise of 28.14% on year-on-year basis and 5.52% sequentially. Birla Sun Life has retained fourth position with Rs 1.26 trillion for the fourth quarter, up 27.34% on year-on-year basis and 4.80% sequentially.   

Meanwhile, UTI has retained fifth place with Rs 927.3 billion for the April-June 2015 quarter, registering a rise of 16.73% on year-on-year basis and negative 0.02% sequentially. SBI has retained sixth position with Rs 836.93 billion for the fourth quarter, up 20.92% on year-on-year basis and 11.68% sequentially.