Assets under management (AUM) of portfolio managers held for investments on behalf of investors (high networth individuals or HNIs) have risen to Rs. 7.33 lakh crore in January this year from the previous month’s levels.
According to the latest data available with the Securities and Exchange Board of India (Sebi), the assets under management of portfolio managers from Rs. 7,22,233 crore in December from Rs. 7,32,970 crore at the end of January.
It had touched a record level of Rs. 9,58,121 crore in August.
The total AUM has nearly doubled since the data was first released by Sebi in December 2010.
In January, portfolio managers individually handled assets worth Rs. 5.67 lakh crore for discretionary services, Rs. 1.28 lakh crore for advisory services and another Rs. 37,705 crore for non-discretionary investments.
Of the total AUM, Rs. 5.27 lakh crore is contributed by funds from the Employees’ Provident Fund Organisation (EPFO) and Provident Funds.
The number of clients for portfolio managers has declined to 57,952 in January from 68,093 in the preceding month. 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.
According to Sebi data, portfolio managers handled debt assets to the tune of Rs. 5.57 lakh crore, and listed and unlisted equities worth Rs. 25,484 crore at the end of January.
In addition, portfolio managers managed AUM worth about Rs. 9,232 crore of mutual funds during the period.