Overall net inflows for the quarter were £209 million, held back by the loss of £56 million of assets through a segregated mandate.
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The group also saw £9 million of net flows from both its private client and investment trust businesses in the first quarter.
For the quarter ended 31 March 2013, Jupiter’s total assets under management rose 11% from £26.3 billion to £29.1 billion.
Edward Carter, chief executive of the company, said: "Our increasingly diverse distribution presence enabled us to deliver net mutual fund inflows of £247 million despite a hiatus in the UK IFA market following the implementation of RDR at the start of 2013.
"Combined with strong market growth in the first quarter, this helped Jupiter’s AUM increase to £29.1 billion at 31 March 2013."
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