HDFC MF or HDFC Mutual Fund has retained its position as the most profitable fund house in 2014-15, with a profit after tax (PAT) of Rs 416 crore. HDFC’s rival Reliance MF remains at the second place, with a PAT of Rs 357 crore during the last fiscal. ICICI Prudential MF, the second largest fund house in terms of assets base, reported a profit after tax of Rs 247 crore, and Birla Sunlife MF posted a PAT of Rs 123 crore.

On the assets under management (AUM) front, HDFC maintained its lead with assets base of Rs 1.46 lakh crore, followed by ICICI MF at Rs 1.32 lakh crore, Reliance MF at Rs 1.24 lakh crore and Birla Sunlife MF at Rs 1.07 lakh crore.

Tidbits

A mutual fund is a type of professionally managed investment fund that pools money from many investors to purchase securities.

Each Mutual Fund Scheme is  managed by a Fund Manager with the help of his team of professionals