Assets under management of portfolio managers have gone up from R7,32,970 crore in January to R7,52,775 crore at the end of February, according to the latest data available with the (Sebi).
They had touched a record level of R9,58,121 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 R5.75 lakh crore for discretionary services, R1.38 lakh crore for advisory services and another R39,277 crore for non-discretionary investments.
Of the total AUM, R5.35 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 R25 lakh or stocks worth this level.
According to Sebi data, portfolio managers handled debt assets to the tune of R5.66 lakh crore, and listed and unlisted equities worth R26,599 crore at the end of February.
In addition, portfolio managers managed AUM worth about R8,710 crore of mutual funds during the period.