Birla MF

As per the data, for Birla MF, which is the fourth largest fund house, 8.23 per cent of its AUM or around Rs. 16,176 crore, came from investment by group companies.

DSP Blackrock

DSP Blackrock, which has around 5.56 per cent of its AUM from group companies at Rs. 3,608 crore against Rs. 2,646 crore.

Birla AMC

In absolute terms, Birla AMC has the highest contribution followed by ICICI Prudential MF that has around Rs. 9,171 crore investments from group companies.

UTI MF

As per the 11-month data, UTI MF has grown its AUM contribution from group company to 4.46 per cent at Rs. 6,114 crore as of end-February from 2.48 per cent at Rs. 2,610 crore in March 2016. UTI MF is sponsored by the insurance behemoth LIC, public sector lenders SBI, BoB and PNB. Out of this, LIC is the largest institutional investor. They not only invest in UTI MF but also in other fund houses. However, in the case of UTI MF, they are the sponsors, their investment is shown separately.

ICICI

UTI MF is followed by ICICI, which has seen the rise in investment coming from group company to 3.74 per cent at Rs. 9,171 crore, from 3.02 per cent at Rs. 5,404 crore, during the 11-month period under review.

Reliance AMC

Even though at Reliance AMC, this rose to Rs 6,170 crore in February from Rs 5,524 crore, but in percentage terms, the investment came down to 2.88 per cent from 3.45 per cent. Reliance AMC chief executive Sundeep Sikka told PTI that "as a policy, we have always kept our focus on retail participation and increasing our investor base."

SBI Mutual Fund

Similarly, fifth largest fund house SBI Mutual Fund also saw the contribution from group company coming down during the period to Rs 7,069 crore or 4.52 per cent of its total AUM from Rs 7,210 crore or 6.55 per cent. Explaining the reason, SBI MF executive director D P Singh said, "as a conscious decision, we don't want to be over-dependant on the group company. Our focus is more on organic growth."