** Magellan Financial Group MFG.AX rises 3.1% to A$7.93; set for biggest one-day pct jump since April 23

** Asset manager posts total assets under management (AUM) of A$38.5 bln ($24.88 billion) on April 30 vs year-ago A$36.3 bln

** On a month-on-month basis, total AUM rises 2.7%

** MFG falls ~29% YTD

($1 = A$1.5475)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))