Mumbai: Reliance Mutual Fund, with assets of over Rs48,000 crore, retained its position as the country''s largest fund house even as the combined resources of all the fund houses soars past Rs350,000 crore.

The Anil Dhirubhai Ambani group MF''s assets under management swelled to Rs48,828 crore in April, gaining Rs2,521 crore over last month''s Rs46,307 crore, according to latest figures released by the Association of Mutual Funds in India (AMFI).

Combined AUMs of 30 fund houses rose over Rs24,017 crore during the month to a total Rs3,50,441 crore in April this year as against Rs3,26,425 crore in March.

ICICI Prudential MF maintained a second position among fund houses for the month, posting a higher growth of over 11 per cent in its AUMs at Rs42,268 crore.

In terms of average AUMs in April as well, Reliance MF remained ahead of its peers at Rs49,861.90 crore while ICICI Pru stood at Rs42,444.53 crore.

Public sector UTI MF, which saw a fall in AUM of about Rs66 crore at Rs35,517 crore, was at the third slot.

HDFC MF and Franklin Templeton Investments, the other two funds among the top five, gained over 11 per cent in their respective AUMs over the last month.

HDFC MF''s AUMs stood at Rs31,485 crore followed by Franklin Templeton at Rs24,510 crore in April.