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04 Jul 2012 01:00 AM
Industry AUM up 4% in last quarter, most AMCs register growth 
Team Cafemutual
 

29 AMCs registered a growth in their assets, industry AUM goes up to Rs 6.92 lakh crore in June.

Barring one, all top ten AMCs registered a combined growth of Rs 26,306 crore in April – June quarter. Birla Sun Life and SBI saw the highest growth in assets at Rs 6063 crore and Rs 5143 crore respectively. ICICI Prudential registered the third largest asset growth of Rs 4331 crore.

 All in all, 29 AMCs saw a growth in their assets. The industry’s AUM went up 4% from Rs 6.64 lakh crore in April to Rs 6.92 lakh crore in June. The BSE Sensex was up 1 % during the same period. 

“We saw inflows in our Dynamic Bond Fund, liquid funds and FMPs,” says Srinivas Jain, CMO, SBI MF.

Fidelity Mutual Fund witnessed the highest dip in its asset at Rs. 1,310 crore or 15% which took its asset base to Rs 7378 crore in June from Rs 8688 crore in March. J P Morgan also saw its asset dip by Rs 1088 crore.

The industry has largely seen inflows in liquid category in April and May at Rs 75,752 crore and Rs. 25,052, respectively.

AMC

AAUM as on June

AAUM as on March

Change in %

Absolute Change

HDFC

92625

89879

3%

2746

Reliance

80694

78112

3%

2583

ICICI Prudential

73050

68718

6%

4331

Birla Sun Life

67206

61143

10%

6063

UTI Mutual Fund

60923

58922

3%

2000

SBI Mutual Fund

47184

42042

12%

5143

Franklin Templeton

35533

34493

3%

1040

DSP BlackRock

30002

29298

2%

703

IDFC

27147

25450

7%

1696

Kotak Mahindra

25324

25738

-2%

-415

Total Industry AUM

692180

664792

4%

27389

Figures in crore. Source : AMFI

 
 
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