he year ending February 28, 2005, left many mutual funds happy and some rather bewildered.

Let us see who gained the most money, who lost money, and who have the most under their belt. 

The Five Richest

This category includes mutual funds that have the most amount of Assets Under Management. AUM signifies the total amount of money the mutual fund manages for its investors.

1. UTI Mutual Fund: Rs 20,836.07 crore (Rs 208 billion).

2. Prudential ICICI [Get Quote] Mutual Fund: Rs 16,214.34 crore (Rs 162 billion).

3. Franklin Templeton Mutual Fund: Rs 15,015.91 crore (Rs 150 billion).

4. HDFC [Get Quote] Mutual Fund: Rs 14,574.65 crore (Rs 145 billion).

5. Birla Sun Life Mutual Fund: Rs 10,195.35 crore (Rs 101 billion).

Together, these five funds control more than half the assets of the Indian mutual fund industry.

Top Five Gainers

People flocked to these funds to invest in their schemes. Here is the amount of money they added to their AUM.

1. Kotak Mahindra Mutual Fund heads the list of gainers in terms of AUM for the month of February.

The fund house's assets swelled by an impressive Rs 1,124.31 crore (Rs 11 billion) from last month.

2. Standard Chartered Mutual Fund added Rs 725.47 crore (Rs 7 billion).

3. SMILE fund's IPO brought a smile to Sundaram Mutual Fund. The fund house secured third place with its assets increasing by Rs 356.35 crore (Rs 3 billion).

4. Reliance Capital [Get Quote] Mutual Fund added Rs 342.57 crore (Rs 3 billion).

5. Birla Sun Life too added Rs 269.97 crore (Rs 2 billion).

Top Five Losers

Investors in these funds sold their units and withdrew their money.

Here are the funds which experienced most redemptions (withdrawals) in terms of money:

1. Franklin Templeton Mutual Fund lost the most: Rs 393.24 crore (Rs 3 billion) during the month. But such losses might be quite shortlived as the fund house recently completed the IPO of its Flexicap fund, which created history by mopping up Rs 1,950 crore (Rs 19 billion).

2. Prudential ICICI Mutual Fund shed Rs 386.21 crore (Rs 3 billion) of its assets.

3. Principal Mutual Fund's assets declined by Rs 384.66 crore (Rs 3 billion).

4. LIC [Get Quote] Mutual Fund's assets declined by  Rs 332.51 crore (Rs 3 billion).

5. JM Mutual Fund shed Rs 257.86 crore (Rs 2 billion).

Click here to see January's listing.

Value Research is a mutual fund research outfit.