In 2014-15, the HDFC Mutual Fund has retained its position as the most profitable fund house with a profit after tax (PAT) of Rs 416 crore.
The ICICI Prudential MF which is the second largest fund house in terms of assets base, has reported a profit after tax of Rs 247 crore.
Whereas Birla Sunlife MF has reported a PAT of Rs 123 crore. Reliance Mutual Fund remained at the second place and has posted a PAT of Rs 357 crore during the last fiscal.
Reliance MF CEO Sundeep Sikka said, “As a fund house we believe in balanced growth – both top line and bottom line – and this has helped us deliver better results and value to our stakeholders and investors. We will continue to work towards better returns for all our stakeholders.”