The cumulative Assets Under Management of the country's 32 fund houses rose to Rs 4,14,171.60 crore (Rs 4141.71 billion) at the end of May, a rise of about Rs 64,000 crore (Rs 640 billion) or 17 per cent from Rs 3,50,280 crore (Rs 3502.80 billion) a month ago, latest data available with Association of Mutual Funds in India shows.

However, it is the five biggest fund houses - Reliance [Get Quote], ICICI [Get Quote] Prudential, UTI, HDFC [Get Quote] and Franklin Templeton - which together cornered total assets of Rs 2,12,339 crore (Rs 2123.39 billion) - up 16 per cent or about Rs 30,000 crore (Rs 300 billion) from the previous month.

The AUM of Reliance Mutual Fund, which further strengthened its position as the largest fund house, stood at Rs 59,143 crore (Rs 591.43 billion), up 21 per cent over previous month's Rs 48,828 crore (Rs 488.28 billion).

In dollar terms, at an exchange rate of Rs 40.50 Reliance MF AUM in May stood at USD 14.60 billion.

ICICI Prudential followed with AUM of Rs 50,703 crore (Rs 507.03 billion) gaining 19.95 per cent from April's Rs 42,267 crore (Rs 422.67 billion).

Public Sector UTI MF stood at Rs 40,070.16 crore (Rs 400.70 billion), followed by HDFC MF at Rs 36,146.66 crore (Rs 361.46 billion) and Franklin Templeton Rs 26,276.35 crore (Rs 262.76 billion).

Meanwhile, five smallest fund houses - Quantum, BOB, Escorts, Sahara and Taurus MF - could garner only Rs 772 crore (Rs 7.72 billion) of AUMs in the month.

The bottom five funds added just 2.5 per cent to their assets under managements as against their assets in April.

The lowest in MF chart are Quantum MF with AUM of just Rs 61 crore (Rs 610 million), followed by BOB MF at Rs 97 crore (Rs 970 million), Escorts at Rs 132.47 crore (Rs 1.32 billion), Sahara at Rs 176.46 crore (Rs 1.76 billion) and Taurus at Rs 305.47 crore (Rs 3.05 billion).