Assets under management of portfolio managers have gone up from 7,32,970 crore in January to Rs 7,52,775 crore at the end of February, according to the latest data available with the Securities and Exchange Board of India (Sebi).
They had touched a record level of Rs 9,58,121 crore in August, 2013.
The total AUM has nearly doubled since the data was first released by Sebi in December, 2010.
In February, portfolio managers individually handled assets worth Rs 5.75 lakh crore for discretionary services, Rs 1.38 lakh crore for advisory services and another Rs 39,277 crore for non-discretionary investments.
Of the total AUM, Rs 5.35 lakh crore is contributed by funds from the Employees' Provident Fund Organisation (EPFO) and Provident Funds.
Besides, the number of clients for portfolio managers has increased to 58,022 in February from 57,952 in the preceding month. However, 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 5.66 lakh crore, and listed and unlisted equities worth Rs 26,599 crore at the end of February.
In addition, portfolio managers managed AUM worth about Rs 8,710 crore of mutual funds during the period.